Kyber Director Demands Full Control Over Kyber in Wake of Breach

Kyber Director Demands Full Control Over Kyber in Wake of Breach

In the wake of a massive $47 million breach, a cybercriminal has taken control of Kyber and is demanding complete executive authority over the company. After initial communication with the Kyberswap team, the hacker is now asserting their claim to full dominion over Kyber, both onchain and offchain. They are also requesting detailed information about the company’s structure, operation, and finances. In exchange for meeting their demands, the hacker has offered to buy out executives at a fair valuation and provide a generous severance package to staff members who choose to leave. This captivating story unveils the bold actions of the self-proclaimed “Kyber Director” and the potential implications for the future of the company. Share your thoughts on this intriguing development in the comments section below.

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Kyber Director’s Demands

The hacker responsible for the Kyberswap security breach has escalated their demands, now demanding full control over Kyber, the company. In addition to this, they are also requesting temporary control over the Kberdao governance structure. These new demands come after the initial breach, where $47 million was stolen. The hacker has been communicating with Kyberswap, urging the team to adopt a more approachable stance and engage in cooperative discussions.

Kyber’s Response

After establishing communication with the hacker, Kyberswap received an onchain directive from the hacker, asserting their claim to complete executive control over Kyber. The hacker also expressed their desire for temporary control over the Kberdao governance structure. This comes after the team at Kyberswap was urged to be more approachable and cooperative in their discussions with the hacker. The hacker had previously announced their intention to propose a new strategy.

Initial Communication with the Hacker

Kyberswap initiated communication with the hacker after the security breach. This communication allowed the team to gain insight into the hacker’s demands and intentions. The hacker expressed a desire for a more favorable arrangement than what was initially offered. They claimed complete dominion over Kyber and requested detailed information about the company’s operations, structure, and more.

Hacker’s Desire for an Approachable Stance

The hacker stressed the importance of an approachable stance from the Kyberswap team. They believed that a more amiable and cooperative approach would lead to more productive discussions. The hacker wanted the team to understand their perspective and consider their proposal for a more favorable arrangement.

Hacker’s Proposed New Strategy

On November 30th, the hacker announced their proposed new strategy. They sought complete control over Kyber and asked for comprehensive details about the company’s protocol formation, structure, operation, revenues, profits, expenses, assets, liabilities, investors, salaries, and more. This proposed new strategy showcased the hacker’s ambition to have complete authority over Kyber and its resources.

Hacker’s Announcement for a More Favorable Arrangement

In their announcement, the hacker expressed their interest in a more favorable arrangement than what was initially offered. They emphasized their claim to complete dominion over Kyber and assured executives that they would be bought out of the company at a fair valuation. The hacker also acknowledged the possibility of staff departures and offered a generous 12-month severance package to those who chose to leave.

Hacker’s Claims and Offers

The hacker claimed complete dominion over Kyber, including all its resources on and off-chain. They requested detailed information about the company’s operations, structure, finances, and more. The hacker also offered to buyout executives at a fair valuation and provide them with well-wishes for their future endeavors. They acknowledged the potential for staff departures and offered a generous severance package to those who opted to leave.

Complete Dominion Over Kyber

The hacker asserted their claim to complete dominion over Kyber, the company. They sought full control over all aspects of the company, including its resources and operations. This demand showcased the hacker’s desire for absolute authority in their proposed new arrangement.

Request for Details About Kyber’s Operations

To fully assert their control over Kyber, the hacker requested comprehensive details about the company’s protocol formation, structure, operation, finances, investors, salaries, and more. This information would allow them to have a complete understanding of Kyber and its operations.

Buyout Offer for Executives

Recognizing that executives may be affected by the proposed changes, the hacker offered to buy them out of the company at a fair valuation. This offer was made to ensure a smooth transition and allow executives to pursue future endeavors. The hacker conveyed that executives had not done anything wrong and that a small error had led to the breach.

Generous Severance Package for Staff Opting to Leave

The hacker acknowledged that under their stewardship, some Kyber staff may choose to depart. In response to this, they offered a generous 12-month severance package to those who decided to leave. The hacker assured staff that no questions would be asked and that this offer was meant to provide them with financial security during the transition.

The Hacker’s Perspective

The hacker emphasized that their proposed arrangement was the best and only available offer. They believed that their demands were reasonable and that the proposed changes would benefit both parties. The hacker acknowledged the potential for staff departures but expressed confidence in their ability to lead Kyber. They also warned that any contact from sovereign agents would nullify the deal.

Acknowledgement of Potential Staff Departures

The hacker recognized that some Kyber staff may choose to leave under their leadership. They understood that significant changes could lead to departures and accepted this as a possible outcome. The hacker’s offer of a generous severance package was meant to provide financial support to staff members who opted to leave.

Best and Only Offer Available

The hacker firmly believed that their proposed arrangement was the best and only offer available. They saw themselves as the ideal candidate to lead Kyber and believed that their demands were reasonable given the circumstances. The hacker wanted to ensure a fair transition for all parties involved and provide a favorable outcome.

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Nullification of Deal if Contacted by Sovereign Agents

To protect the proposed arrangement, the hacker emphasized that any contact from agents of sovereign entities would immediately nullify the deal. They wanted to ensure that their communication and negotiations with Kyberswap were not influenced or interfered with by external parties. This clause aimed to maintain the integrity of the proposed arrangement.

Signing Off as ‘Kyber Director’

The hacker signed off their message as ‘Kyber Director’, asserting their authority and positioning themselves as the future leader of the company. This sign off reflected their confidence and their intention to take control of Kyber and guide its future direction.

In conclusion, the hacker responsible for the Kyberswap security breach has escalated their demands, now seeking full control over Kyber and temporary control over the Kberdao governance structure. They have proposed a new strategy and offered a more favorable arrangement. Their demands include complete dominion over Kyber, detailed information about the company, a buyout offer for executives, and a generous severance package for staff opting to leave. The hacker’s perspective sees their proposed arrangement as the best and only offer available, acknowledging potential staff departures and warning against contact from sovereign agents. They signed off as the ‘Kyber Director’, showcasing their intention to take control of Kyber.

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