Kyber Network Faces Hacker's Ultimatum for $46M Stolen Assets. 💻🥷🏻
DeFi platform Kyber Network grapples with a hacker's demand for executive control in exchange for returning stolen assets.
Hacker demands complete control, temporary ownership of KyberDAO, and governance changes. Requests all Kyber documents, no direct fund return, but forfeiture of assets.
Executives face buyouts, employees offered doubled salaries and severance. KNC holders assured their investments, liquidity providers offered a 50% rebate.
Deadline for executive acceptance is December 10. Hacker envisions transforming Kyber into a new project under their leadership.
Initial hack on November 22 targeted various tokens, hacker taunts Kyber's executives through on-chain messages.
