A black hat hacker proposed taking over the KyberSwap protocol with terms that included doubling employee salaries and executive acquisitions.
In an unprecedented turn, the hacker who stole $47 million in cryptocurrency from defi exchange KyberSwap demanded full control of the protocol and all of its assets. The unidentified individual or group attached their terms to a transaction seen on Etherscan, a widely used blockchain explorer.
The KyberSwap exploiter shared four main demands, including full control of Kyber as a company, temporary ownership of KyberDAO and its governance mechanism, and access to company records. Furthermore, the hijacker said that Kyber must hand over all on-chain and off-chain assets.
The limited-time offer is valid until early next month, the hacker said.
This is my best offer. This is my only offer. I demand that my demands be met by December 10; otherwise the treaty fails.
KyberSwap Hacker
The would-be Kyber director offered incentives to staff and senior officials if his demands are met. According to the list of demands, the hacker will buy out the executives at a fair price and will also double the salaries of Kyber employees.
Additionally, the exploiter plans to renew the Kyber project and reimburse liquidity providers for 50% of the losses incurred due to the hack. The hacker warned against involving authorities from any of the 206 sovereignties and provided a Telegram handle in case Kyber initiated dialogue.
“Furthermore, if agents from any of the 206 sovereignties contact me regarding operations I conducted in Kyber, the treaty fails. In this case, the refunds will total exactly O. Kyber is one of the original and longest-running DeFi protocols. Nobody wants to see it go down. To assist with this leadership transition, you may contact me via telegram: @Kyber_Director.”
KyberSwap Hacker
The individual responded to crypto.news’ requests for comment on the lawsuits, stating that the hacker can speak on the issue after the self-imposed December 10 deadline.
These terms were issued on November 30, about a week after KyberSwap suffered a multi-chain exploit and became embroiled in an on-chain conflict with a mysterious hacker. Victor Tran, co-founder and CEO of KyberSwap, said a response would be posted on December 1.
