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The KyberSwap hacking community shocked everyone! The hacker has rocked the crypto community with his audacious demands for the return of the stolen funds. In an unprecedented move, the hacker is demanding full administrative control over the Kyber company and the KyberDAO management mechanism, all company documents and assets, and a large payment to the company’s administrators.
In an ambitious on-chain message, the hacker laid out his vision for transforming KyberSwap. They are promising to overhaul the entire platform, something that will elevate it from its current position as the 7th most popular decentralized exchange (DEX) to a groundbreaking cryptographic project. They claim that liquidity providers will get their rewards for their market-making efforts.
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While some people view the hacker’s demands as a desperate attempt to legitimize their actions, others are concerned that this sets a dangerous precedent for the future of decentralized finance (DeFi). There are doubts about claims that the hacker has a better plan than the current management of the platform, and the threat of invalidating the “agreement” if any legal action is taken has raised concerns about the hacker’s intentions.
The KyberSwap team has yet to respond to the hacker’s demands, but the pressure is mounting. The deadline of December 10th is approaching and the fate of KyberSwap remains uncertain. Even while the hacker holds the stolen funds, and has the power to disrupt the platform’s operations.