Hacker Drains $46 Million from KyberSwap in Sophisticated Smart Contract Exploit
• Attacker drained $46M from KyberSwap using a "carefully engineered smart contract exploit" involving concentrated liquidity feature
• Exploit tricked contract into thinking there was more liquidity than there actually was
• Attacker manipulated price range thresholds to double count liquidity from their deposit
• Failsafe intended to prevent exploit was narrowly avoided by keeping swap values just outside trigger range
• Attacker has contacted KyberSwap team and is willing to negotiate returning some of the stolen funds