In an unexpected turn of events, the culprit behind the $46 million KyberSwap security breach has reached out on-chain to the platform’s executives. The hacker has demanded a more respectful negotiation environment and has hinted at conditions under which they may return the stolen funds.
The person responsible for the KyberSwap attack sent an on-chain message on November 28. In the message, they criticized the aggressive approach of KyberSwap’s executives and token holders, warning that a congenial negotiating environment needs to be established for discussions to proceed.
The hacker indicated their readiness to negotiate an agreement with KyberSwap, scheduled to be released on November 30, provided a cessation of hostilities. The still-unidentified individual mentioned the threats and discourteous treatment they had received from the executive team, stating: “Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil.”
In response to KyberSwap’s earlier proposed bounty deal, where the hacker would return 90% of the stolen funds and keep the remaining 10%, the platform threatened legal action when the hacker did not immediately agree. KyberSwap stated: “We have reached out to law enforcement and cybersecurity on this case. We have your footprints to track you.”
So far, the KyberSwap team has managed to recover $4.67 million of the $46 million stolen in the exploit from the operators of front-running bots. The team has yet to respond to the hacker’s latest message and is presumably waiting to see the new treaty proposed by the hacker.
Why It Matters: This event marks a unique case in the world of digital security breaches, where the hacker is demanding respectful negotiations for the return of stolen funds. KyberSwap’s response and subsequent actions could set a precedent for how such situations are handled in the future. However, the lack of context articles makes it difficult to predict the potential implications and outcomes.
