Bybit asks DAO to return fees earned from hack; ParaSwap community debates implications

From Cointelegraph
March 5, 2025 6:18 am:

Bybit proposed returning 44.67 wETH, worth nearly $100,000, to ParaSwap after digital assets were stolen. Bybit confirmed the proposal, sparking a debate among ParaSwap DAO members about the implications of returning the funds. DeFi researcher Ignas warned that returning the funds could set a dangerous precedent for future cases. Bybit hackers used THORChain to swap assets, generating $5 million in fees by March 4. ParaSwap community members debated whether to return the funds to Bybit or negotiate a structured return with a bounty. Some argued that returning the funds would damage ParaSwap’s reputation, citing a similar situation in 2013 where fees were not refunded.

Read more at Cointelegraph: Bybit asks DAO to return fees earned from hack transactions