The hacker who stole $47 million from decentralized exchange protocol KyberSwap last week has promised to release a statement about potential transactions with victims later this week.
The attacker, whose identity is still unknown, encrypted a message into an Ethereum transaction late on November 28, promising to issue a statement about the “treaty” on November 30.
“I said I was willing to negotiate. In return, I received (mostly) threats, deadlines, and general unfriendliness from management. “It’s okay, I don’t care,” they said.
“We can reschedule for a later date when we will both feel more civil, assuming I will be treated more hostilely. “All you have to do is say the word,” they continued. “Otherwise, we will proceed as scheduled on November 30.”
$47 million exploit
The ominous message comes roughly a week after $47 million was suspiciously withdrawn from KyberSwap’s Elastic Pools liquidity solution. KyberSwap advised all users to withdraw their funds immediately after the incident. A 10% bounty was later offered to whoever was responsible for the exploit, with a message encoded in blockchain data stating that negotiations would begin after they had already taken a “complete break.”
Yesterday, the team said in a statement that it had recovered $4.7 million.
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About the author
Ryan Weeks is The Block’s trading editor, focusing, among other things, on fundraising, M&A, and institutional trends in the cryptocurrency space. He’s particularly interested in investigative work, so please send him tips! Ryan previously worked as London fintech correspondent for Financial News and Dow Jones. Prior to that, he wrote for several publications, including Sifted, AltFi, and Wired. In addition to journalism, Ryan is a keen reader and writer. He enjoys anything active. He especially enjoys running, rugby, hiking and tennis.