KyberSwap Exploiter Linked to $50M HXA Token Movement

Blockchain security firm Cyvers detects movement of $50 million in HXA tokens

Cyvers, a blockchain security firm, has detected a movement of $50 million in HXA tokens, the native utility token of the Herencia Artifex NFT project, which is linked to the KyberSwap exploiter. The KyberSwap exploiter's address received these tokens from an Ethereum address using the "transfer from" function.

Potential flaw in the Multicall function discovered

Cyvers believes that the security breach is related to a potential flaw in the Multicall function, which is part of the Thirdweb libraries used in the HXA token's smart contract. The firm has proposed this idea in its report and encourages interested parties to participate in the investigation.

Halt in HXA token withdrawals and deposits

Cryptocurrency exchange MEXC has temporarily halted HXA token withdrawals and deposits. However, the halt is not directly tied to security concerns about the hack, but rather the abnormal on-chain operation of HXA, according to the exchange.

Inaccessibility of the official HXA coin website

The official website of the HXA coin, hxacoin.io, is currently inaccessible, leaving investors and stakeholders without access to official information and updates. No explanation has been provided for the website's inaccessibility.

Previous hack on KyberSwap exchange

Last month, hackers drained about $46 million in crypto assets from the decentralized KyberSwap exchange.