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Cybercriminal Claims Ownership of Kyber Post $47M Attack, Proposes Compensation for Management and Employees

Cybercriminal Claims Ownership of Kyber Post $47M Attack, Proposes Compensation for Management and Employees

Kyberswap Attacker Demands Complete Control

An individual responsible for the Kyberswap security breach has demanded absolute authority over Kyber, the company, and temporary control over the Kberdao governance structure. This demand comes after the team engaged in communication with the suspected perpetrator following the $47 million breach. The hacker had initially urged the team to adopt a more approachable stance and announced plans to propose a new strategy on November 30.

Hacker Requests Full Control and Information

The hacker has now asserted a claim to complete dominion over Kyber, including all its resources. They are requesting detailed information about the company’s protocol, structure, operations, finances, and more. They have also offered to buy out the executives at a fair valuation and provide a generous severance package to Kyber staff who choose to leave. However, they emphasized that any contact from authorities would nullify the deal. The hacker signed off as “Kyber Director.”

Hot Take: Hacker Seeks Power and Negotiates

A cybercriminal responsible for the Kyberswap security breach is demanding complete control over Kyber and offering a buyout to the executives. They also provide a severance package to staff who choose to leave. While the hacker’s actions are illegal and morally wrong, it is interesting to see them negotiate and communicate their demands in such a public manner. The incident highlights the need for robust security measures in the cryptocurrency industry to prevent unauthorized access and protect users’ funds. Companies must proactively update their security protocols to stay one step ahead of cybercriminals.

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Cybercriminal Claims Ownership of Kyber Post $47M Attack, Proposes Compensation for Management and Employees