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The decentralized financial space (DEFI) is not unrelated to hacks, carpet prints and exploits. One of the last victims, kilox, a decentralized exchange (DEX), was hacked on April 15, losing $ 7.5 million in violation.
Kiloex, like other decentralized scholarships, depends on price oracles to access the price data of the listed tokens and decide on the exchange rates of trading pairs. The hacker has exploited this functionality by feeding price oracles with handled data, allowing them to obtain tokens at a very small price.
Following the attack, the DEX noted in their X account that it would offer a bonus of 10% of $ 750,000 if the pirate covered 90% of the loot. They also mentioned that they were looking at the addresses related to the attack and intended to “quickly freeze the stolen funds”.
In Pirate:
Our investigation, supported by the police, the cybersecurity agencies and the protocols of exchanges and multiple bridges, revealed critical information on your activities.
We actively monitor your addresses (0x551f3110f12c763d161d5A63B5F015D1C1A954C,…
– kiloex (@kiloex_perp) April 15, 2025
They also revealed that they would work with the authorities and cybersecurity partners to solve the problem. Commercial activities were interrupted immediately after the violation was unearthed per kiloex.
The hacker behind the feat returned the stolen tokens to kiloex. A few days later, the DEX announced on its page X that it had completely recovered the funds and had planned to reward the white hat for having chosen to return them.
As a demonstration of good faith, the DEX noted that it gave the white hat a reward of 10% of the tokens recovered to highlight the defects of the safety infrastructure of Kiloex. The DEX also revealed that he does not intend to continue an “additional legal action” and consider the violation “resolved in good faith”.
Dear community,
We are pleased to announce that we have managed to recover all the stolen funds linked to the recent security incident. This result highlights our commitment to protecting users’ assets and promoting a secure ecosystem.
1. Progress of case resolution
– Legal …– kiloex (@kiloex_perp) April 18, 2025
Kiloex appreciated its partners and members of the community to stand with them and revealed that he intended to continuously improve his security architecture.
Despite the positive resolution in this case, scams and hacks in the world of cryptography are increasing.
A notable example is the hacking of survey that occurred some time ago, where north Korean hackers would have been behind a major violation, highlighting increasing sophistication and the international scale of cybercrime linked to crypto.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
post url: https://altcoin.observer/kiloex-exchange-recovers-7-5-million-while-the-pirate-gives-stolen-funds/