KyberSwap hacker pledges to elucidate a potential accord in the days ahead

KyberSwap hacker pledges to elucidate a potential accord in the days ahead

user avatar

by Max Nevskyi

3 years ago


The individual responsible for siphoning $47 million from the decentralized exchange protocol KyberSwap just last week has made a commitment to issue a statement regarding a potential agreement with the victims in the coming week.

The identity of this hacker remains undisclosed, but on November 28, they embedded a message into an Ethereum transaction, indicating their intention to announce a "treaty" on November 30.

I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That's ok, I don't mind.hacker wrote.

If the situation continues to be confrontational, we have the option to postpone our meeting to a later date when a more amicable atmosphere prevails. Your indication of willingness is all that's required. If not, we will adhere to the original plan on November 30th.

This cryptic message has emerged approximately one week following the mysterious disappearance of $47 million from KyberSwap's Elastic Pools liquidity solution. In response to the incident, KyberSwap promptly recommended that all users withdraw their funds. Subsequently, the platform announced a 10% reward for the individual responsible for the exploit, who had previously left an encoded message in blockchain data, indicating that negotiations would commence after they had "fully rested."

In a recent statement, the KyberSwap team disclosed that they have successfully recovered $4.7 million.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Federal Reserve Pauses Interest Rate Hike for Upcoming FOMC Meeting

The Federal Reserve is not expected to raise interest rates at the upcoming FOMC meeting, as indicated by recent forecasts and comments from Fed officials.

user avatarMaria Fernandez

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.