Bybit asks DAO to return fees earned from hack transactions

ZachXBT And JP Clash Over Asgardex's Responsibility For $900K In Fees From Bybit Hack Money Laundering

Blockchain investigator ZachXBT and THORChain developer JP have been involved in a debate on the social media platform X regarding the fees collected by the Asgardex open-source desktop application, which is specifically designed for THORChain and Maya Protocol.   Asgardex is a standalone desktop application that enables decentralized swaps based on the THORChain network. It is the only open-source frontend codebase available, making it a key re…

Bybit Asks Paraswap To Return Fees From Lazarus Group’s Stolen Funds - FinanceFeeds

Bybit confirmed it was behind a proposal urging decentralized finance (DeFi) protocol ParaSwap to return fees collected from swaps involving funds stolen by the Lazarus Group. The proposal was posted on March 4 in ParaSwap’s DAO forum and requested the return of 44.67 Wrapped Ether (wETH)—worth nearly $100,000—to a specified wallet. Skepticism surrounded the request, with DAO members demanding verification before considering it. Bybit responded …

Bybit Wants Hack Fees Back, ParaSwap DAO Hesitates

A debate has emerged within the ParaSwap PSP decentralized autonomous organization (DAO) after cryptocurrency exchange Bybit requested the return of fees linked to a hack.

Bybit requests Paraswap DAO to refund hack-related fees

Bybit has requested that the Paraswap DAO return the fees it earned from transactions linked to a hack.   A division emerged within ParaSwap DAO, with some members supporting the idea of returning the fees under conditions, while others voted to deny the refund.   Bybit admitted that it initiated a proposal urging the DeFi platform ParaSwap […] The post Bybit requests Paraswap DAO to refund hack-related fees appeared first on CryptoTvplus - The …

Bybit’s Fund Recovery Request Sparks Debate in ParaSwap DAO - Crypto Economy

TL;DR Bybit requests that the DeFi protocol ParaSwap return nearly $100,000 in fees earned from transactions conducted with assets stolen by the Lazarus Group. Members of ParaSwap’s DAO are divided, with some supporting the conditional return of funds, while others oppose the proposal. The debate centers on the potential regulatory implications and the precedents that returning the funds could set within the DeFi ecosystem. The recent request b…

Bybit asks DAO to return fees earned from hack transactions

ParaSwap DAO members were split, with some supporting the conditional return of the fees and others voting against the refund.