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 <p class="is-style-lead">A black hat <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a> proposed a takeover of KyberSwap’s protocol with terms including a doubling of employee salaries and executive buyouts.</p>
 <p>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;</p>
 <p>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.</p>
 <p>The time-limited offer is valid until early next month, the hacker said.&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p>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.</p> <cite>KyberSwap hacker</cite>
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 <div class="cn-block-related-link">
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 <p>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;</p>
 <p>Additionally, the <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>er plans to revamp Kyber’s project and reimburse liquidity providers for 50% of losses suffered due to the hack. The <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a> warned against involving authorities from any of the 206 sovereignties and provided a Telegram handle should Kyber pursue dialogue.&nbsp;</p>
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  <p>“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.”</p> <cite>KyberSwap hacker</cite>
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   <img decoding="async" width="842" height="1024" src="https://cdn.thebittimes.com/images/2023/11/30/14182afe78d75b3ef81726829f988f29.webp" alt="KyberSwap hacker demands full control after $47m exploit - 1"> 
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   KyberSwap hacker demands | Source: Etherscan
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 <p>The individual had not responded to commentary requests from crypto.news regarding the demands at press time.&nbsp;</p>
 <p>These terms were issued on Nov. 30, roughly a week after KyberSwap suffered a multichain <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a> and was thrust into on-chain beef with a mysterious <a rel="noopener noreferrer nofollow" title="hacker" href="https://thebittimes.com/tag/hacker.html">hacker</a>.&nbsp;Victor Tran, co-founder and CEO of KyberSwap, said a response would be published on Dec. 1.</p>
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    <p lang="en" dir="ltr">No one fucking cares about Kyber users like we do. You deserve the best. Message tomorrow @KyberNetwork.</p>— Victor Tran (@vutran54) November 30, 2023
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> KyberSwap and hackers troll each other in blockchain beef
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/kyberswap-hacker-demands-full-control-after-47m-exploit-tbt72216.html">https://thebittimes.com/kyberswap-hacker-demands-full-control-after-47m-exploit-tbt72216.html</a></p>

KyberSwap hacker demands full control after $47m exploit

TheBitTimes

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