Last week, KyberSwap, a decentralized exchange protocol, fell victim to a hack resulting in the loss of $47 million. The responsible hacker, whose identity remains unknown, has promised to release a statement regarding a potential agreement with the victims. This statement is expected to be published on November 30, following an encoded message sent in an Ethereum transaction.
Promise of an Agreement by the KyberSwap Hacker
Dear executives, employees, token holders, and LPs of KyberSwap,
I stated that I was ready to negotiate. In return, I have received (mostly) threats, ultimatums, and a generally unfriendly attitude from the executive team. It doesn’t matter, it doesn’t bother me.
I have prepared a statement regarding our (potential) agreement. I plan to publish it on November 30 at noon UTC, sharp.
In the event that I am treated with even more hostility, we can postpone the meeting to a later date when we all feel more civilized. You just have to say so.
Otherwise, we will proceed as planned on November 30.
Thank you for your attention.
The hacker’s message, encoded in the Ethereum blockchain, reveals a willingness to negotiate despite the perceived threats and hostility from the KyberSwap executive team. The hacker has expressed a willingness to postpone the discussion to a later date if hostility persists, while still remaining open to proceed as planned on November 30.
Hack of $47 Million
A security flaw resulted in the suspicious withdrawal of $47 million from KyberSwap’s Elastic Liquidity Pools. Following this incident, KyberSwap advised all its users to withdraw their funds and offered a 10% reward to the person responsible for the hack. Recently, the team announced the recovery of $4.7 million from the stolen funds.
