The KyberSwap hacker used a complex “infinite money glitch” to drain $46 million from the protocol, according to a recent analysis by a decentralized finance (DeFi) industry expert. In other news, the 2022 FTX collapse and Binance’s recent $4.3 billion settlement with the United States government bolster the argument for the provisions of the European Union’s Markets in Crypto-Assets (MiCA) regulation, a European Commission official said in an interview. Meanwhile, U.S. prosecutors aren’t keen on former Binance CEO Changpeng “CZ” Zhao leaving the country and asked a judge to block him.
KyberSwap hacker used “infinite money glitch” to steal funds
A DeFi expert has weighed in on the recent $46 million KyberSwap attack.