Each events failed to achieve an settlement on the secure return of the stolen property regardless of Kyber providing the hacker 10% of the funds, which amounted to $4.3 million.
The hacker behind the $46 million exploit on KyberSwap, a decentralized trade that permits customers to ship and obtain totally different cryptocurrencies, issued an ultimatum for the return of the digital property stolen from the protocol on November 23.
In line with an on-chain message despatched to the corporate on Thursday, the black hat hacker laid out calls for for the secure return of the property, together with whole management and unrestricted entry to the protocol in addition to momentary full authority and possession of its governance mechanism, the KyberDAO, all paperwork associated to the corporate, and lastly all the Kyber firm’s property.
Negotiating with the Thieves
Kyber and the hacker have been in open dialogue since final week’s incident to retrieve the funds after the exploiters despatched an on-chain message to the staff addressing the builders, workers, decentralized autonomous group group, and liquidity suppliers, informing them about their willingness to return the loot.
“Negotiations will start in a few hours when I am fully rested,” reads the message.
Nevertheless, each events failed to achieve an settlement on the secure return of the stolen property regardless of Kyber offering the hacker 10% of the funds, which amounted to $4.3 million.
The cybercriminal has now laid out their solely demand, to accumulate the agency at a good valuation and promising to compensate the corporate’s present executives for his or her contributions.
The hacker additionally wished the workers effectively of their “future endeavors,” giving those that want to depart from the agency a 12-month severance bundle with full advantages and help to find new careers.
The hacker deliberate to “double their salaries” underneath the brand new management for the employees that selected to stay with the corporate after the takeover.
Hacker Provides KyberSwap Time till December 10 to Comply
The exploiter additionally prolonged their generosity to Kyber’s token holders and traders. In line with the on-chain message, the hackers will make sure the “tokens will no longer be worthless” after the whole transition. The message reads:
“Is 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 an entirely new cryptographic project.”
Moreover, the protocol’s liquidity suppliers are usually not left behind. The cybercriminal mentioned that liquidity suppliers can be supplied rebates for his or her market-making exercise. The reward shall be 50% of the losses that they’ve incurred.
“I know this is probably less than what you wanted. However, it is also more than you deserve,” the hacker wrote.
The thief has given Kyber till December 10 to adjust to the calls for. Moreover, the hacker additionally threatened that the provide can be deemed invalid if the situations weren’t met by the deadline or if regulation enforcement brokers make any efforts to speak with them concerning the exploit on Kyber.
