Amid efforts to reclaim over $46 million in stolen assets, DeFi platform Kyber Network has received a stunning ultimatum: forfeit total control of both the company and protocol, and all stakeholders will be made whole.
Via-on chain messaging on Thursday, the platform’s anonymous hacker demanded “complete executive control over Kyber,” alongside temporary ownership and control of its governance mechanism, KyberDAO, to enact governance changes at will.
The New ‘Kyber Director’
To that end, he also requires all documents and information related to Kyber, including details about the company and protocol’s origins, its structure, its investors, and its balance sheet.
“This is my best offer. This is my only offer,“ wrote the hacker, referring to himself as the ‘Kyber Director’.
Under the new arrangement, the culprit still has no plan to directly return any funds.
In fact, he has also demanded the full forfeiture of Kyber’s on-chain and off-chain assets, including “sha
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