The attacker behind the $46 million cryptocurrency theft targeting KyberSwap demanded executives and token holders de-escalate hostilities and threatened to push for negotiations until everyone becomes “more civil.” .
In an on-chain message sent to KyberSwap executives, token holders and liquidity providers on November 28, the attackers said they planned to issue a statement about a potential treaty with KyberSwap on November 30, but would not do so if hostilities continued.
“I said I was willing to negotiate. In return, I (mostly) received threats, deadlines and general unfriendliness from management,” they said.
“We can reschedule for a later date when we both feel more civil, assuming I will be treated more hostilely,” they warned.
that much @KyberNetwork The exploiter has sent another message to the team! pic.twitter.com/DnuKUWjFMn
— Executive Memo (@officer_cia) November 28, 2023
The team at KyberSwap, a cross-chain decentralized exchange, initially proposed a bounty deal where hackers would return 90% of their funds for every exploit and the hackers would keep the remaining 10%.
However, when the hacker did not respond immediately, he threatened legal action.
“We have contacted law enforcement and cybersecurity regarding this incident. We have footprints to track you.” The KyberSwap team said in an on-chain message on November 25:
“So it’s better for you to take the first offer from the previous message before law enforcement and cybersecurity can track you down.”
KyberSwap also said it would launch a public bounty program to incentivize anyone who provides information to assist law enforcement that could lead to the hacker’s arrest and recovery of user funds.
The KyberSwap team has already recovered $4.67 million from a $46 million exploit from a leading bot operator on November 26. The bot extracted approximately $5.7 million in cryptocurrency from KyberSwap pools on the Polygon and Avalanche networks.
The team has yet to respond to the attacker’s latest message on
Related: KyberSwap announces potential vulnerabilities and instructs LPs to withdraw as soon as possible.
A day after the Nov. 22 hack, decentralized finance expert Doug Colkitt said the attackers used an “unbounded funds glitch” to carry out “complex, carefully designed smart contract attacks” on multiple networks implementing KyberSwap pools. said.
The funds were leveraged on Avalanche, Polygon, and Ethereum, as well as layer 2 networks Arbitrum, Optimism, and Base.
KyberSwap runs on Kyber Network, a blockchain-based liquidity hub that aggregates liquidity across multiple blockchains and enables token exchanges without intermediaries.
magazine: This is Your Brain on Cryptocurrency: Drug Abuse Is on the Rise Among Cryptocurrency Traders