KyberSwap Hacked for $48 Million on November 23, Despite Contact with the Attacker, Whose Demands Were Arrogant
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KyberSwap Elastic Suffers Attack, Incurs $48 Million in Losses, Team Urges Quick Withdrawals
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KyberSwap Hacker: Surrender the Company
KyberSwap Hacker: Kyber Will Be Completely Transformed
December 10 as the Deadline
The Hacker Approaches KyberSwap Through Etherscan with Numerous Demands:
Complete administrative control over Kyber (the company).
Temporary full authority and ownership of KyberDAO to issue updates.
All documents related to Kyber’s structure, operations, revenue, salaries, investors, assets, and liabilities, among others.
Handover of all Kyber’s on-chain and off-chain assets, including but not limited to stocks, equity, tokens, websites, servers, and all intellectual property.
The hacker states that Kyber can meet the aforementioned conditions to his satisfaction, and he promises to do the following:
Executives will be bought out at a fair valuation.
Employee salaries will be doubled, and those wishing to resign will receive 12 months of severance pay.
Kyber will undergo a complete transformation and will no longer be just the seventh largest DEX.
Liquidity providers will receive market-making discounts and be compensated for 50% of their losses.
The hacker claims that this is his best and only offer. If Kyber fails to meet these demands by December 10, the terms of the settlement will be void.
Furthermore, if any official from any of the 206 sovereign nations contacts him, the terms will also be nullified. He states:
Kyber is one of the earliest and longest-running DeFi protocols, and nobody wants to see it go bankrupt.
The hacker has left his Telegram account: @Kyber_Director.
Kyber
KyberSwap
Further Reading
KyberSwap Elastic Suffers Attack, Incurs $48 Million in Losses, Team Urges Quick Withdrawals
DeFi United Nations: Which Nationality Loves DeFi the Most? Is Taiwan on the List?