KyberSwap Hacker Demands Complete Control Over Kyber Company

Hacker Releases Conditions for Return of Stolen Funds

The hacker responsible for the $46 million KyberSwap exploit has revealed their demands for the return of the stolen funds. Their conditions include "complete executive control" over the Kyber company.

Hacker's Message to Relevant Parties

On November 30, the KyberSwap hacker sent a message on-chain to all relevant and interested parties. In the message, they outlined their demands, which include control over the company, full authority and ownership of the KyberDAO governance mechanism, all company documents, and all Kyber company assets.

Buyout and Promises

In exchange for their demands, the hacker promised to buy out the company's executives at a fair valuation and wished them well in their future endeavors. They also pledged to double the salaries of employees under the new regime. Employees who choose to leave will receive a 12-month severance package and assistance in finding new careers.

Benefits for Token Holders and Investors

The hacker also stated that token holders and investors would benefit from the transition, as their tokens would no longer be worthless. They added that under their management, Kyber would undergo a complete makeover and become an entirely new cryptographic project.

Rebates for Liquidity Providers

Liquidity providers were not left out of the hacker's promises. They said that liquidity providers would receive rebates for their recent market-making activity, with the rebate amounting to 50% of their losses. The hacker acknowledged that this might be less than expected, but claimed it was more than deserved.

Deadline and Threats

The hacker stated that this offer was their best and final one. They set a deadline of December 10 for the Kyber team to meet their demands. If the demands are not met, the treaty falls through. The hacker also warned that the treaty would become void if any agents contacted them regarding the trades made on Kyber.