The Hacker’s Demands for Stolen Funds Return
The hacker responsible for the $46 million KyberSwap exploit has outlined their conditions for returning the stolen funds. These demands include gaining “complete executive control” over the Kyber company. On Nov. 30, the hacker sent an on-chain message to all relevant parties, stating their requests. They want temporary full authority and ownership of the KyberDAO governance mechanism, all company documents, and assets. In return, the hacker promises to buy out the company’s executives at a fair valuation and increase employees’ salaries. They also assure token holders and investors that their tokens will no longer be worthless.
Benefits for Liquidity Providers
Liquidity providers will receive rebates for their recent market-making activity, with the rebate amounting to 50% of their losses. The hacker acknowledges that this may not be what they wanted but believes it is more than they deserve.
Ultimatum and Warning
The hacker makes it clear that this offer is their best and final one. They expect the Kyber team to meet their demands by Dec. 10, or else the “treaty falls through.” Any contact from agents regarding the trades made on Kyber will also void the treaty.
Hot Take: Hacker’s Bold Moves Raise Ethical Questions
The hacker behind the KyberSwap exploit has taken an audacious approach by laying out their conditions for returning stolen funds. While some may see this as a clever negotiation tactic, it raises ethical concerns about allowing criminals to dictate terms in such situations. By demanding complete executive control and ownership of the company, the hacker is essentially holding Kyber hostage. This event highlights the need for robust security measures in the crypto industry and prompts questions about how platforms can protect themselves and their users from such attacks in the future.
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