KyberSwap Explorer Announces Acquisition Ultimatum
Key Takeaways
- KyberSwap hackers demand full executive control of the Kyber company and governance mechanisms in return for stolen funds.
- The hacker proposes significant changes, including doubling employee salaries and turning Kyber into a new cryptocurrency project.
- Khyber set a strict compliance deadline of December 10 and threatened to invalidate the offer if it was not met or if it was contacted regarding the hacker’s dealings.
Hackers responsible for $46 million KyberSwap exploit speak out. a bold request.
On November 30th, something amazing happened. KyberSwap hacker’s on-chain message revealedIt targets all relevant and stakeholders.
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The requirements were unusually specific. Hackers not only meet the following requirements: Complete control over the Kyber company As well as Temporary permissions for KyberDAO, the company’s governance mechanism. Moreover, what hackers want is Access to all company documents and assets.
In a bold statement, the hacker promised: We recommend a purchase to Kyber’s current management at a fair valuation.I wish you success in your future endeavors.
Under the proposed new leadership, Hacker pledged: double employee pay and provide People who do not want to receive 12 months severance pay We provide full benefits and career transition support.
Moreover, the hacker’s plan includes: Transform Kyber into a new crypto project.
Isn’t this sweet enough? I will go further. Under my stewardship, Kyber will undergo a complete transformation. This will no longer be the 7th most popular DEX, but a completely new crypto project.
The hacker also mentioned liquidity providers. 50% rebate on recent market making losses. This proposal is Described as a compromiseMore than the supplier deserves, but less than expected.
A hacker founded a company. Deadline: December 10th Ensures that the Kyber team complies with these requirements. If these conditions are not met by the deadline, or if our agents attempt to contact hackers regarding transactions made on Kyber. invalidate the offer.
The KyberSwap hackers’ ultimatum presents a significant and unprecedented challenge for the Kyber company. This calls for complete control and significant organizational change in return for the return of stolen funds with clear deadlines and strict conditions attached.
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