Cryptocurrency exchange Bybit requested ParaSwap DAO to return over $90,000 in Ethereum (ETH) paid by a hacker as fees, sparking a debate about the legal and ethical responsibilities in the decentralized finance community.
Bybit's Refund Request
On March 4, in an X post, prominent defi analyst Ignas noted that Bybit asked ParaSwap DAO to return 44.67 ETH, paid by a hacker in swap fees.
Ethical and Legal Considerations
Ignas highlighted the decision’s ethical and legal implications for the DAO, suggesting it could set a precedent in the broader DeFi ecosystem.
Analysts' Opinions and Options
The analyst emphasized that Bybit is a major player, and returning the funds might help avoid legal issues. However, this action risks setting a precedent for future cases. A middle ground could be returning most funds minus a 10% official Bybit bounty.
The issue of refunding remains contentious within the decentralized finance community as it could significantly influence future regulation and responses to similar incidents in DeFi.
