Person who stole $47 million from KyberSwap accuses the exchange’s team of being unfriendly

The hacker allowed the possibility that negotiations on the return of funds would be postponed indefinitely

29.11.2023 - 14:43

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2 min

What’s new? A hacker who stole $47 million from the decentralized crypto exchange (DEX) KyberSwap threatened the project’s participants with refusing to negotiate over the return of funds, citing their “unfriendliness.” In a message to the on-chain transaction, he noted that he would delay publishing the terms of the peace treaty if the community did not stop being hostile.

Etherscan’s data

What else is known? The hacker addressed the exchange’s executives, employees, liquidity providers, and token holders. He noted that he had agreed to negotiate a refund, but in response, he received “threats, deadlines, and general unfriendliness.”

Thus, he initially scheduled the publication of the terms of the agreement for November 30, 12:00 UTC, but warned that the process could be delayed:

“We can reschedule for a later date, when we all feel more civil. You need only say the word.”

Following the November 23 attack, the KyberSwap team urged users to withdraw funds from the platform for security reasons. On the same day, the hacker made contact for the first time, confirming a willingness to negotiate. This hack was the third-largest hack this month.

The KyberSwap team later offered the hacker 10% of the stolen funds as a reward, setting a deadline to return the rest of the amount by November 25 inclusive. It was assumed that after the deadline, the company would turn to the police.

Notably, on November 26, the exchange returned $4,7 million unrelated to the hacker. These funds were extracted from the platform pools during the exploit by trading bots of other users, who accepted the terms of the agreement and returned 90% of the funds.

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