Bybit sparks debates as it seeks nearly $100k in refund from ParaSwap DAO tied to hacker’s swap fees

Bybit asked for a refund from Paraswap DAO for the exchange costs paid by a pirate, triggering a debate on governance on ethical responsibility.

Cryptocurrency exchange Go through wants paraswap dao to come back more than $ 90,000 in Ethereum (Ethn) In the exchange costs linked to theft of $ 1.46 billion, aroused a debate in the decentralized finance community on a decision that could create a legal precedent.

In A post X On March 4, Defi analyst, eminent Ignas, who is also a paraswap Dao delegate, said that the exchange had asked to return 44.67 ETH from the Paraswap Dao “this statement pirate paid in exchange costs”.

“This decision has ethical and legal responsibilities against the DAO and establishes a precedent for the broader challenge ecosystem (especially Thorswap).”

Ignas

The analyst notes that the appeal is a major player in space, adding that the return of funds could help avoid “legal headaches”. However, there is still a catch, because the return of the funds could create a precedent.

“The code is the law. The DAO has legitimately gained costs via smart contracts. What if the funds have returned now, what about future cases? Establishes a dangerous precedent. And at the end of the day, the poor safety of Bybit (I know that the safe user interface was compromised, but still) led to hacking. »»

Ignas

The analyst suggests common ground, supporting the return of most of the fund “minus 10% official bounty”.

The CEO of Bybit Ben Zhou Earlier revealed That almost 20% of stolen funds are now not found, just under two weeks after the Stock Exchange lost more than $ 1.4 billion during a very sophisticated attack by pirates supported in North Korea.