Kyber Director Demands Executive Control and Asset Surrender in Bold Negotiation Terms
The anonymous attacker behind the recent $47 million exploit of the decentralized crypto exchange KyberSwap has outlined bold demands in proposed negotiation terms made public on November 30. The self-proclaimed “Kyber Director” is seeking complete control of KyberSwap’s operations and assets to remedy the losses from the November 23 breach.
According to the statement shared via Ethereum transaction, Kyber Director is demanding full executive authority over KyberSwap as a company, including temporary ownership of the governance mechanism to enact protocol changes. The exploiter also called for all documents and data related to KyberSwap’s structure, finances, and intellectual property to be handed over.
The Kybeer hacker is schizo AF holy shit pic.twitter.com/eV7tgsjx5d
— yieldfarming (@delucinator) November 30, 2023
In addition, Kyber Director requested the surrender of all on-chain and off-chain assets tied to the company, encompassing equity, tokens, partnerships, websites, social channels, and any other properties associated with the decentralized exchange.
In return for meeting these demands by December 10, Kyber Director pledged certain concessions to employees, investors, and liquidity providers of KyberSwap. Executives would receive a buyout at a fair valuation, while other employees could expect doubled salaries under the new leadership.
Meanwhile, token holders would benefit from a full protocol overhaul to improve KyberSwap’s market standing. The exploiter also promised a 50% rebate on recent losses to liquidity providers stemming from the attack. The deal risks collapse if law enforcement intervenes, however.
Kyberswap hacker saw the OpenAI coup and said hold my beer
— loomdart – (FTX 2.0 Advocate) (@loomdart)
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