KyberSwap hacker's outrageous settlement condition: full control over the Kyber Protocol, surrender of on-chain and off-chain assets

KyberSwap was hacked for $48 million on November 23. Despite contacting the attacker, the hacker's demands were quite audacious.

KyberSwap Elastic attacked with a loss of $48 million, team: withdraw as soon as possible

KyberSwap Hacker: Demands Company Surrender

The hacker made extensive demands to KyberSwap through on-chain messages on Etherscan:

1. Full executive control over Kyber company.

2. Interim full authority and ownership of KyberDAO for issuing updates.

3. All documents regarding Kyber's structure, operations, revenue, salaries, investors, assets, and liabilities.

4. Surrender of all Kyber on-chain and off-chain assets, including but not limited to stocks, equities, tokens, websites, servers, and all intellectual property.

KyberSwap Hacker: Plans to Completely Overhaul Kyber

The hacker stated that Kyber met the above conditions to his satisfaction, and he promised to do the following:

1. Executives will be bought out at a fair valuation.

2. Employee salaries will be doubled, with 12 months' severance pay for those wishing to resign.

3. A complete overhaul of Kyber, no longer just the 7th largest DEX.

4. Liquidity providers will receive market-making discounts and 50% compensation for losses.

Deadline: December 10th

The hacker described this as his best and only offer. If Kyber fails to meet the demands by December 10th, the terms of the settlement will be void.

Furthermore, if any official from any of the 206 sovereign nations contacts him, the terms will also be void. He stated:

Kyber is one of the earliest and longest-running DeFi protocols, and no one wants to see it bankrupt.

The hacker left his Telegram account: @Kyber_Director.