A black hat hacker proposed a takeover of KyberSwap’s protocol with terms including a doubling of employee salaries and executive buyouts.
In an unprecedented twist, the hacker who stole $47 million in cryptocurrencies from defi exchange KyberSwap issued demands for total control of the protocol and all its assets. The unidentified individual or group attached its terms to a transaction seen on Etherscan, a widely used blockchain explorer.
KyberSwap’s exploiter shared four primary demands including complete control of Kyber as a company, temporary ownership of KyberDAO and its governance mechanism and access to company records. Also, the hijacker said Kyber must surrender all on-chain and off-chain assets.
The time-limited offer is valid until early next month, the hacker said.
This is my best offer. This is my only offer. I require my demands to be met by December 10, otherwise, the treaty falls through.
KyberSwap hacker
Kyber’s would-be director offered incentives for staff and top officials if their demands are met. The hacker will buy out executives at a fair valuation and double Kyber employee salaries as well, according to the list of demands.
Additionally, the exploiter plans to revamp Kyber’s project and reimburse liquidity providers for 50% of losses suffered due to the hack. The hacker warned against involving authorities from any of the 206 sovereignties and provided a Telegram handle should Kyber pursue dialogue.
“Additionally, should I be contacted by agents from any of the 206 sovereignties, concerning the trades I placed on Kyber, the treaty falls through. In this case, rebates will total to exactly O. Kyber is one of the original and longest-running DeFi protocols. No one wants to see it go under. To assist with this transition of leadership, I may be contacted on telegram: @Kyber_Director.”
KyberSwap hacker
Go to Source to See Full Article
Author: Naga Avan-Nomayo
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
