The management of decentralized exchange KyberSwap has announced plans to compensate victims of a recent $54.7 million exploit. This comes after the hacker responsible for the attack demanded full control over the protocol in exchange for returning the stolen funds. Kyber Network, the parent company of KyberSwap, will use the protocol’s treasury to grant each victim an amount equivalent to the USD value of their stolen assets at the time of the heist. While KyberSwap’s terms of use state that users are responsible for the risks involved, the management has chosen to support their users during this difficult time. The details of the treasury grants are still being finalized and will be released in the next two weeks. Kyber Network also expressed its commitment to collaborating with law enforcement and cybersecurity firms to locate the hacker and recover the stolen funds. The attack on KyberSwap involved a well-planned manipulation of the platform’s liquidity, resulting in the theft of user funds from multiple chains. Following the confirmation of the attack, Kyber Network advised users to withdraw their remaining assets while an investigation takes place. The total value locked in KyberSwap has declined significantly since the incident. The deadline for KyberSwap’s management to respond to the hacker’s demands is approaching, with the hacker requesting full control over the company, its operations, and its assets. The Kyber Network has not yet responded to these demands but remains committed to tracking down the hacker.