Key Takeaways
- The KyberSwap hacker calls for full govt management over the Kyber firm and governance mechanism in return for the stolen funds.
- The hacker proposes important adjustments, together with doubling worker salaries and remodeling Kyber into a brand new cryptographic mission.
- A strict deadline of December tenth has been set for Kyber to conform, with threats of invalidating the supply if not met or if any contact is made concerning the hacker's trades.
The hacker answerable for the $46 million KyberSwap exploit has issued an audacious set of calls for.
On November thirtieth, a startling on-chain message from the KyberSwap hacker surfaced, concentrating on all related and events.
The calls for have been unusually particular: the hacker seeks not solely full management over Kyber firm but in addition momentary authority over KyberDAO, the corporate's governance mechanism. Moreover, the hacker desires entry to all firm paperwork and property.
In a daring assertion, the hacker promised to supply truthful valuation buyouts to Kyber's present executives, wishing them success of their future endeavors.
Below the proposed new management, the hacker vowed to double worker salaries and supply these unwilling to stick with a 12-month severance package deal with full advantages and profession transition help.
Moreover, the hacker's plans embody reworking Kyber into a brand new cryptographic mission.
Is that this not candy sufficient? I will go additional nonetheless. Below my administration, Kyber will bear an entire makeover. It can now not be the seventh hottest DEX, however somewhat, a completely new cryptographic mission.
The hacker additionally addressed liquidity suppliers, promising a 50% rebate on latest market-making losses. This supply was described as a compromise, being greater than what the suppliers deserve but lower than their expectations.
The hacker set a agency deadline of December tenth for Kyber's workforce to adjust to these calls for. Failure to satisfy these situations by the deadline, or any makes an attempt by brokers to contact the hacker concerning trades made on Kyber, would invalidate the supply.
The KyberSwap hacker's ultimatum presents a vital and unprecedented problem for the Kyber firm, demanding full management and important organizational adjustments in alternate for the return of stolen funds, with a agency deadline and stringent situations connected.