KiloEx's KILO Token Surges as Funds Recovered Swiftly After ‘Sophisticated’ Hack

KiloEx's KILO Token Surges as Funds Recovered Swiftly After ‘Sophisticated’ Hack

KiloEx, a decentralized exchange (DEX) for trading perpetual futures, said Friday it recovered all of its hacked funds after a sophisticated attack this week left users reeling with losses of around $7 million.The DEX is working to close the legal process of recovering the funds and is awarding 10% of the recovered amount as a bounty to the white hat hacker who was involved in the process. "The legal process to formally close the case is now und…

KiloEx Recovers $7.5M Siphoned After Major System Breach

KiloEx, a decentralized exchange, has recovered all of the $7.5 million stolen in a recent hack . This happened just a few days after the attack was discovered. Instead of using legal threats or launching an investigation, KiloEx tried a different method. This method could set a precedent and change...

Hacker Returns $7.5M To KiloEx Following Bounty Offer - FinanceFeeds

A hacker who drained $7.5 million from decentralized exchange KiloEx has returned the full amount just four days after the platform was exploited. The exchange, which suspended operations following the April 15 attack, confirmed on April 18 that all stolen funds had been recovered. The reversal followed KiloEx’s offer of a $750,000 bounty—10% of the stolen amount—if the attacker returned at least 90% of the assets. Blockchain security firm PeckS…

KiloEx's ‘Sophisticated’ Hack Shows DeFi Risks — But This Time, Recovery Was Swift

The post KiloEx’s ‘Sophisticated’ Hack Shows DeFi Risks — But This Time, Recovery Was Swift appeared on BitcoinEthereumNews.com. KiloEx, a decentralized exchange (DEX) for trading perpetual futures, said Friday it recovered all of its hacked funds after a sophisticated attack this week left users reeling with losses of around $7 million. The DEX is working to close the legal process of recovering the funds and is awarding 10% of the recovered am…

kiloEx recovers $7.5M after promising attacker 10% bounty

Decentralized exchange platform KiloEx revealed that it has recovered the entire $7.5 million stolen from it in a recent exploit. According to an April 18 statement: “We are pleased to announce that we have successful recovery of all stolen funds related to the recent security incident.” The exploit was first flagged by Cyvers, a blockchain…

Hacked Decentralized Exchange Kiloex Claims All Stolen Funds Have Been Returned – News Bytes Bitcoin News

The decentralized exchange Kiloex, which was recently hacked, announced that all stolen funds have been recovered. The company stated that it is now working with legal authorities and experts to officially close the case. Since all funds have been returned, there are no remaining victims, fulfilling Kiloex’s promise of a fair and transparent resolution. The […]