Bybit emphasized that it is behind a proposal that is required to return the decentralized financing fees (Defi) PARASWAP protocol acquired from the biases conducted by the Lazarus Group using the stolen digital assets from the stock exchange.
On March 4, the proposal was to publish At the independent independent organization forum in Paraswap (DAO), he requests freezing and returning 44.67 wrapped (Weth), at a value of approximately $ 100,000, to a portfolio address.
The proposal initially attracted doubts, with many members of Dao Call To verify before advancing the proposal. Pipe subscriber The verification post on the official X account on March 5, which confirms that it is behind the proposal to return the money.
This step to return money has sparked a discussion among DAO members, as many considered the future effects of the possible return of fees.
source: Pipe
The Paraswap community highlights the possible effects
DEFI and Paraswap Dao Depegate Ignas have been published on X, with a highlight of a DAO dilemma.
Ignas He said Benefiting from penetration is “bad optics” and that his return will show support for another industry operator. He added that maintaining funds may attract organizational audit and legal headache.
However, he also warned that the release version will determine a dangerous precedent for Defi:
“The law is the law. DAO has legally obtained the fees through smart contracts. If the money is returned now, what about future cases? It sets a serious precedent.”
PARASWAP’s delegate also said that this may have traces on Thorswap, which the infiltrators used to convert stolen money into different encryption assets. By February 27, Thorchain swap size exploded until one billion dollars, with infiltrators BYBIT used the protocol to exchange digital assets.
By March 4, Thorcin achieved $ 5 million as a fee, and its size reached 5.4 billion dollars. Use the premium by the protocol to convert the fees. If Bybit followed a similar recovery request from Thorchain, exchange can recover more money.
Cointelegraph communicates to Bybit to comment but did not receive an immediate response.
Related to: 1.5 billion dollars, coding breach losses
Suggestion bybit ignites Paraswap discussion
Explained the governor of the seed member Dao three Possible procedure paths: return the full amount, reject the request, or negotiate the return of an organization that includes save 10 % as a reward, walk with the current Bug Bounty program from bybit.
Society was divided, and a discussion in the Paraswap Dao Forum. Some members of society He said The money is returned. Others said they can arrange an organized money return if they can maintain the reward by 10 % and Secure Eliminate any future obligations for DAO.
On the other hand, some PARASWAP DAO members were against returning money to Bybit. Community He said PARASWAP “will hurt his reputation” if you agree to return money.
Another member Dao Duplicate similar Position In 2013 when a PARASWAP protocol requested the fees after having used the infiltrators the protocol to exchange assets. DAO member highlighted the decision not to recover treatment fees at that time, adding that “there is no reason for his rule or else this time.”
https://www.youtube.com/watch?
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