Main notes
- Kiloex Exchange $ 7.5 million lost at Oracle Exploit on April 15.
- The infiltrators returned all the money and got a 10 % bonus.
- Kelox stopped trading and pledged stronger.
Defi financing space is not alien to breakthroughs, rug, and exploits. One of the most recent victims, Kiloex, a central exchange (DeX), was hacked on April 15, and lost $ 7.5 million in the breach.
Kiloex, such as other decentralized stocks, depends on Oracles pricing to access the price data listed and decide on trading exchange exchange rates. The infiltrator took advantage of this feature by feeding Oracles pricing with processed data, allowing them to obtain symbols at a very reduced price.
Kilox response to breach
After the attack, DeX indicated on their X account that they would offer a 10 % bonus of $ 750,000 if the infiltrator returns 90 % of the looting. They also mentioned that they were watching the headlines associated with the attack and aimed at “freezing the stolen money immediately.”
For infiltrated:
Our investigation, with the support of law enforcement, cybersecurity agencies, and multiple stock exchange protocols, revealed important information about your activities.
We are actively monitoring your addresses (0x551f3110f12c763d1611d5a63B5f015d1c1A954C, …
– Kiloex (Kiloex_PERP) April 15, 2025
They also revealed that they will work with the authorities and cyber security partners to solve the problem. Trading activities were stopped immediately after Kiloex was discovered.
Kiloex recover the stolen money
The infiltrator behind the exploitation restored the stolen symbols to Kelox. A few days later, Dex announced on the X page that it had completely recovered the money and planned to reward the white hat to choose to return it.
As a goodwill show, DeX noticed that it was giving the white hat 10 % of the recovered symbols to highlight the security infrastructure defects in Kiloex. Dex also revealed that she does not intend to follow “other legal procedures” and consider a violation “that has been resolved in good faith.”
Dear society,
We are pleased to announce that we have a successful recovery of all stolen money related to the last security incident. This result confirms our commitment to protecting the user’s assets and strengthening a safe environmental system.
1. The status solution is offered
Legal …– Kiloex (Kiloex_PERP) April 18, 2025
Kiloex mentioned its partners and members of society to stand with them and revealed that it intends to improve the structure of security continuously.
Despite the positive decision in this case, fraud and breakthroughs in the world of encryption are high.
An example is a penetration bybit that occurred some time ago, as it was said that the infiltrators associated with North Korea are behind a major breach, highlighting the increasing development and international volume of electronic crimes related to encryption.
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