As hostility and threats escalate between KyberSwap and the hacker, negotiations are at risk of collapse.
The anonymous exploiter responsible for KyberSwap’s $47 million Elastic Pools breach has called for a more cooperative negotiation approach.
KyberSwap executives, token holders, and liquidity providers are urged to ease hostilities, and discussions may be postponed until a more civil atmosphere prevails.
Standoff in negotiations
On November 30, the attackers will present a treaty for possible reimbursement of funds only if executives refrain from threatening them.
Despite their willingness to engage in discussions, the exploiter claimed he was threatened, faced deadlines, and was generally unfriendly by the executives at KyberSwap.
“I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil. You need only say the word. If not, we proceed as planned on Nov. 30.”
A bounty deal was initially proposed by KyberSwap, which would see 90% of the money returned to the hacker in exchange for 10% being retained. However, the hacker did not follow through on the deal and the situation escalated. As a result of KyberSwap’s involvement with law enforcement and cybersecurity experts, the hacker had until November 25 to return the funds.
Moreover, the team running KyberSwap has the footprints of the attacker, according to the DAO running the decentralized exchange.
The hacker has not yet received a response from KyberSwap, but the threat of legal action and the initiation of a public bounty program for law enforcement complicate matters.
Recovering funds
A hack appeared on November 23rd that resulted in the theft of $47 million from KyberSwap. Decentralized exchange protocol announced a few days later that it had recovered $4.67 million in stolen funds.
During the hack, KyberSwap pools on the Polygon and Avalanche networks were used to extract about $5.7 million in crypto from KyberSwap pools, the team said in a statement.
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