A recent hacking incident involving KiloEX ended successfully when the perpetrator returned some of the stolen funds following a bounty offer.
Successful Return of Funds
The hacker returned funds in two transactions, sending $1.4 million and $5.5 million from addresses linked to the attack. This occurred after KiloEX offered a 10% reward for the return of 90% of the stolen assets.
Details of the Hack
The attack on KiloEX exploited an oracle vulnerability and affected multiple blockchains, including BNB Chain and Base. Total losses amounted to $7.4 million, with a significant portion of the funds held in USDC.
KiloEX's Response and Future Plans
KiloEX closed its investigation following the return of funds, considering the hacker a white hat. The exchange now plans to resume operations and enhance platform security.
The situation surrounding the KiloEX hack highlights the importance of cooperation between exchanges and maintaining security measures. The exchange continues to work on restoring its reputation.
