In a bold move, an anonymous hacker who compromised the Kyber Network, a prominent DeFi platform, has issued an ultimatum: full executive control in return for the stolen assets. The hacker’s demand includes total control over Kyber and its governance mechanism, KyberDAO. They’ve promised to fully compensate executives, double employee salaries, and offer a 50% rebate to liquidity providers for losses incurred since the hack. The hacker, self-titled as the ‘Kyber Director’, has set a deadline of December 10 for Kyber’s executives to accept this offer, with a plan to transform Kyber into a new cryptographic project. The hack, which occurred on November 22, involved various tokens like Wrapped ETH and DAI, leading to substantial losses for Kyber Network .
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