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A black hat hacker proposed a takeover of KyberSwap’s protocol with terms including a doubling of employee salaries and executive buyouts. 
In an unprecedented twist, the hacker who stole $47 million in cryptocurrencies from defi exchange KyberSwap issued demands for total control of the protocol and all its assets. The unidentified individual or group attached its terms to a transaction seen on Etherscan, a widely used blockchain explorer.&nbsp; 
KyberSwap’s exploiter shared four primary demands including complete control of Kyber as a company, temporary ownership of KyberDAO and its governance mechanism and access to company records. Also, the hijacker said Kyber must surrender all on-chain and off-chain assets. 
The time-limited offer is valid until early next month, the hacker said.&nbsp; 
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 This is my best offer. This is my only offer. I require my demands to be met by December 10, otherwise, the treaty falls through. <cite>KyberSwap hacker</cite>
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 You might also like: <a href="https://crypto.news/kyberswap-suffers-multichain-exploit-resulting-in-45m-loss/"> KyberSwap suffers multichain exploit, resulting in $45m loss </a> 
Kyber’s would-be director offered incentives for staff and top officials if their demands are met. The hacker will buy out executives at a fair valuation and double Kyber employee salaries as well, according to the list of demands.&nbsp; 
Additionally, the exploiter plans to revamp Kyber’s project and reimburse liquidity providers for 50% of losses suffered due to the hack. The hacker warned against involving authorities from any of the 206 sovereignties and provided a Telegram handle should Kyber pursue dialogue.&nbsp; 
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 “Additionally, should I be contacted by agents from any of the 206 sovereignties, concerning the trades I placed on Kyber, the treaty falls through. In this case, rebates will total to exactly O. Kyber is one of the original and longest-running DeFi protocols. No one wants to see it go under. To assist with this transition of leadership, I may be contacted on telegram: @Kyber_Director.” <cite>KyberSwap hacker</cite>
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 <img loading="lazy" decoding="async" width="842" height="1024" src="https://crypto.news/app/uploads/2023/11/KyberSwap-hacker-demands-842x1024.jpg" alt="KyberSwap hacker demands full control after $47m exploit - 18" class="wp-image-14222126">
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 KyberSwap hacker demands | Source: <a href="https://etherscan.io/tx/0x0479da9d6a3a29b294d6337630ea0a482e7ec7223f3b6e6d72442f6c450264d4" target="_blank" rel="noopener">Etherscan</a> 
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The individual responded to commentary requests from crypto.news regarding the demands, stating that the hacker may speak on the subject following the Dec. 10 self-imposed deadline.&nbsp; 
These terms were issued on Nov. 30, roughly a week after KyberSwap <a href="https://crypto.news/kyberswap-suffers-multichain-exploit-resulting-in-45m-loss/">suffered</a> a multichain exploit and was thrust into <a href="https://crypto.news/kyberswap-and-hackers-troll-each-other-in-blockchain-beef/">on-chain beef</a> with a mysterious hacker.&nbsp;Victor Tran, co-founder and CEO of KyberSwap, said a response would be published on Dec. 1. 
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 No one fucking cares about Kyber users like we do. You deserve the best. Message tomorrow <a href="https://twitter.com/KyberNetwork?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@KyberNetwork</a>.— Victor Tran (@vutran54) <a href="https://twitter.com/vutran54/status/1730208874580656441?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 30, 2023</a>
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 Read more: <a href="https://crypto.news/kyberswap-and-hackers-troll-each-other-in-blockchain-beef/"> KyberSwap and hackers troll each other in blockchain beef </a>

KyberSwap hacker demands full control after $47m exploit

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