KyberSwap Hacker’s Demands for Stolen Funds Return: Executive Control and Company Overhaul

The person responsible for the $46 million KyberSwap breach has outlined their terms for returning the stolen funds, putting forth demands that involve gaining “complete executive control” over Kyber. In an on-chain message dated Nov. 30, the hacker specified requests including control over the company, temporary ownership of the governance mechanism KyberDAO, all company-related documents, and assets.

They proposed buying out the company’s executives, doubling employee salaries, and ensuring a 12-month severance for those choosing to leave. Additionally, they pledged improvements to the token value and a complete overhaul of Kyber’s status as a decentralized exchange (DEX). The hacker also pledged rebates for liquidity providers, amounting to 50% of their losses, albeit with a sharp tone suggesting they believe it exceeds what’s deserved. These terms have a deadline of Dec. 10, after which the hacker warned the agreement would collapse, with threats if Kyber contacts anyone regarding the trades placed on the platform.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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