{"id":196464,"date":"2023-11-30T13:39:38","date_gmt":"2023-11-30T13:39:38","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196464"},"modified":"2023-11-30T13:39:38","modified_gmt":"2023-11-30T13:39:38","slug":"kyberswap-hacker-demands-complete-control-over-kyber-company","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/kyberswap-hacker-demands-complete-control-over-kyber-company\/","title":{"rendered":"KyberSwap hacker demands complete control over Kyber company"},"content":{"rendered":"

Update Nov. 30 1:10PM UTC: This article has been updated to add details on the hackers demands.<\/em><\/p>\n

The hacker behind the $46 million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which includes \u201ccomplete executive control\u201d over the Kyber company.\u00a0<\/p>\n

On Nov. 30, the KyberSwap hacker sent an on-chain message addressing all relevant and interested parties. The hacker laid out demands, including control over the company, temporary full authority and ownership of its governance mechanism, the KyberDAO, all documents related to the company and all of the Kyber company assets. <\/p>\n

<\/p>\n

In exchange, the hacker promised to buy out the company\u2019s executives at a fair valuation and \u201cwished well\u201d in their \u201cfuture endeavors.” The hacker also promised to double the employees\u2019 salaries under the new regime. They wrote that while some may not want to stay, they will still be given a 12-month severance with full benefits and assistance in finding new careers.\u00a0<\/p>\n

Apart from this, the hacker also said that token holders and investors will also benefit from the transition by having their tokens “no longer be worthless.” They wrote: <\/p>\n

\u201cIs this not sweet enough? I’ll go further still. Under my management, Kyber will undergo a complete makeover. It will no longer be the 7th most popular DEX, but rather, an entirely new cryptographic project.\u201d<\/p><\/blockquote>\n

As for liquidity providers, the hacker promised they would be gifted rebates for their recent market-making activity. The rebate will be 50% of the losses that they have incurred. “I know this is probably less than what you wanted. However, it is also more than you deserve,” the hacker wrote.\u00a0<\/p>\n

Related: <\/em><\/strong>KyberSwap attacker used \u2018infinite money glitch\u2019 to drain funds \u2014 DeFi expert<\/em><\/strong><\/p>\n

The hacker explained that this was their best and only offer. According to the exploiter, the Kyber team should meet the demands by Dec. 10. If not, the \u201ctreaty falls through.\u201d The hacker also threatened that the treaty would also be void if any agents contacted them concerning the trades they placed on Kyber. <\/p>\n

Magazine: <\/em><\/strong>Recursive inscriptions: Bitcoin \u2018supercomputer\u2019 and BTC DeFi coming soon<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Update Nov. 30 1:10PM UTC: This article has been updated to add details on the…<\/p>\n","protected":false},"author":4,"featured_media":196463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nKyberSwap hacker demands complete control over Kyber company - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/kyberswap-hacker-demands-complete-control-over-kyber-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KyberSwap hacker demands complete control over Kyber company - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Update Nov. 30 1:10PM UTC: This article has been updated to add details on the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/kyberswap-hacker-demands-complete-control-over-kyber-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-30T13:39:38+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/KyberSwap-hacker-demands-complete-control-over-Kyber-company.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/kyberswap-hacker-demands-complete-control-over-kyber-company\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/kyberswap-hacker-demands-complete-control-over-kyber-company\/\",\"name\":\"KyberSwap hacker demands complete control over Kyber company - 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