{"id":65911,"date":"2023-11-30T09:57:18","date_gmt":"2023-11-30T13:57:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=65911"},"modified":"2023-11-30T09:57:21","modified_gmt":"2023-11-30T13:57:21","slug":"kyberswap-hacker-demands-complete-executive-control-of-platform","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/kyberswap-hacker-demands-complete-executive-control-of-platform\/","title":{"rendered":"KyberSwap Hacker Demands Complete Executive Control of Platform"},"content":{"rendered":"\n

The hacker responsible for the $46 million KyberSwap breach<\/a> has demanded “Complete Executive Control” of the Kyber organization, including all company assets, both on and off-chain, shares, equity, and tokens in exchange for the return of the stolen funds <\/p>\n\n\n\n

\"KyberSwap
KyberSwap Hacker Demands Complete Executive Control of Platform<\/figcaption><\/figure>\n\n\n\n

The KyberSwap intruder dispatched an on-chain message to all pertinent and interested parties on November 30. The intruder presented a list of demands encompassing authority and ownership of the KyberDAO\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the company's governance mechanism, control over the organization, and all company-related documents and assets.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"\"
Hacker's message to the KyberSwap team. Source: Etherscan<\/figcaption><\/figure>\n\n\n\n

As a reciprocal agreement, the intruder assured the company's executives a just purchase and best wishes for their “future undertakings.” Moreover, as part of the new regime, the hacker vowed to double the salaries of the staff. <\/p>\n\n\n\n

According to their statement, even individuals who choose not to remain will receive a 12-month severance package that includes comprehensive benefits and support in their job search.<\/p>\n\n\n\n

Furthermore, the hacker asserted that investors and token proprietors<\/a> will gain advantages from the transition as their tokens will “no longer be worthless.” They penned:<\/p>\n\n\n\n

\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<\/em><\/p>\n<\/blockquote>\n\n\n\n

Regarding liquidity providers, the hacker committed to reward them with reimbursements in exchange for their recent market-making endeavors. Fifty percent of the losses incurred will constitute the rebate. “I recognize this is likely not exactly what you had hoped for. “However, it is also more than what you merit,” the infiltrator composed.<\/p>\n\n\n\n

The infiltrator justified their sole and best offer as such. The exploiter claims that the Kyber team must fulfill the requirements by December 10. In the absence of such, the “treaty falls through.” <\/p>\n\n\n\n

Additionally, the infiltrator threatened that the treaty would be null and void if any agents pursued them regarding the trades they executed on Kyber.<\/p>\n","protected":false},"excerpt":{"rendered":"

The hacker responsible for the $46 million KyberSwap breach has demanded “Complete Executive Control” of the Kyber organization, including all company assets, both on and off-chain, shares, equity, and tokens in exchange for the return of the stolen funds The KyberSwap intruder dispatched an on-chain message to all pertinent and interested parties on November 30. […]<\/p>\n","protected":false},"author":12,"featured_media":65446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[6537,5817,7907],"class_list":["post-65911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-crypto-hack","tag-hack-2","tag-kyberswap"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-98.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=65911"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/65446"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=65911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=65911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=65911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}