In a stunning flip of occasions, the hacker liable for the $46 million KyberSwap exploit has outlined their situations for returning the stolen funds, and it consists of an audacious demand for “full govt management” over the Kyber firm.
On November 30, the hacker transmitted an on-chain message addressing all related events concerned. The hacker’s calls for are complete, spanning from management over the corporate to full authority and possession of its governance mechanism, the KyberDAO. The requisition extends to all paperwork associated to the corporate and all Kyber firm belongings, each on-chain and off-chain, encompassing shares, fairness, and tokens.
In alternate for surrendering management, the hacker pledged to purchase out the present executives at a good valuation, expressing good needs for his or her “future endeavors.” Moreover, the hacker vowed to double the salaries of workers below the brand new regime. For individuals who choose to not keep, a 12-month severance with full advantages and help find new careers is promised.
The hacker additionally prolonged advantages to token holders and buyers, assuring that their tokens would “now not be nugatory” below the brand new administration. In a daring assertion, the hacker declared plans for an entire makeover of Kyber, remodeling it from the seventh hottest decentralized alternate (DEX) to a wholly new cryptographic undertaking.
Liquidity suppliers weren’t ignored of the hacker’s proposal. They’d be gifted rebates for latest market-making exercise, amounting to 50% of the losses incurred. Whereas acknowledging that this can be lower than what suppliers desired, the hacker asserted that it’s greater than they deserve.
The hacker emphasised that this supply represents their finest and solely proposal. The Kyber crew is given till December 10 to satisfy these calls for, failing which the treaty falls by. Furthermore, the hacker issued a stern warning that any try by brokers to contact them relating to the trades made on Kyber would render the treaty void.
The crypto group watches with bated breath because the Kyber crew faces a difficult resolution, weighing the potential penalties of acquiescing to the hacker’s audacious calls for towards the ramifications of rejecting them outright. The result of this unprecedented state of affairs stays unsure, leaving stakeholders and observers eagerly awaiting additional developments.