"Two Suspects in $265

“Two Suspects in $265,000 DeFi Hack Identified by Binance CEO Changpeng Zhao”

-Crypto exchange giant Binance says it has identified the bad actors suspected to be behind the hack of decentralized exchange (DEX) KyberSwap.

-The perpetrators allegedly injected malicious script on KyberSwaps Google Tag Manager (GTM) on September 1st, enabling them to move users funds.

-Kyber says that it managed to neutralize the exploit but not before the attackers stole $265,000 worth of assets.

-A day following the incident, Binance CEO Changpeng Zhao said that the firms security team tracked down the two suspects.

-The exchange says its coordinating with KyberSwap and the authorities.

-Last month, Binance helped recover 83% of the $570,000 worth of crypto that was stolen from decentralized finance (DeFi) protocol Curve Finance.

-In 2020, the firm also helped recover almost all of the $345,000 worth of cryptocurrency that was stolen in what was thought to be an exit scam.

-Many members of the crypto community now call Binance the Big Brotherof the industry as the exchange tends to give support to other crypto firms that suffered security breaches and theft.

binance unmasked suspects involved "Two Suspects in $265,000 DeFi Hack Identified by Binance CEO Changpeng Zhao"

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