The KyberSwap Hacker Demands Complete Control
After the recent $46 million KyberSwap exploit, the hacker responsible has finally released their conditions for the return of the stolen funds. Their demands are striking and controversial, to say the least.
Hacker’s Demands
The hacker, on Nov. 30, sent an on-chain message to all relevant and interested parties. In this message, the hacker laid out their demands, which included complete executive control over the Kyber company. This control involved temporary full authority and ownership of its governance mechanism, the KyberDAO, as well as all documents related to the company and all of the Kyber company assets.
In exchange for this control, the hacker promised to buy out the company’s executives at a fair valuation and pledged to double the employees’ salaries under the new regime. Additionally, the hacker stated that they would provide a 12-month severance with full benefits and assistance in finding new careers for those employees who chose to leave. They also mentioned that token holders and investors would benefit from the transition, ensuring that their tokens would “no longer be worthless.”
Threats and Ultimatum
The exploiter also addressed liquidity providers, promising them rebates for their recent market-making activity, a significant offer but not as much as they feel they deserve. The hacker then gave an ultimatum, stating that the Kyber team must meet their demands by Dec. 10. If not, the “treaty falls through.” Additionally, the hacker threatened that the treaty would also be void if any agents contacted them concerning the trades they placed on Kyber.
The hacker emphasized that this was their best and only offer, establishing a deadline for the Kyber team to comply with their demands and threatening consequences if they failed to do so.
Community Response
This bold move by the hacker has led to widespread controversy and concern within the cryptocurrency and decentralized finance (DeFi) community. Many are questioning the legitimacy and ethics of the hacker’s demands, as well as the potential impact on Kyber and other decentralized exchanges.
It remains to be seen how the Kyber team will respond to these demanding conditions, and the broader community is watching closely as the situation unfolds.
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