Following a $7.5 million exploit targeting KiloEx’s decentralized exchange, the hacker surprisingly returned all stolen funds within four days. The breach exploited vulnerabilities in the price oracle system, enabling manipulation of ETH/USD prices to generate illicit gains. In response, KiloEx promptly suspended operations and engaged cybersecurity partners to investigate and track the funds. After a firm public ultimatum offering a white-hat bounty and legal warnings, the hacker chose to return the entire amount, receiving a $750,000 reward. This incident highlights the risks of oracle-based attacks in DeFi and underscores the importance of coordinated cybersecurity responses.
Continue to read KiloEx Hacker Returns Full $7.5M After Swift Recovery Effort
Following a $7.5 million exploit targeting KiloEx’s decentralized exchange, the hacker surprisingly returned all stolen funds within four days. The breach exploited vulnerabilities in the price oracle system, enabling manipulation of ETH/USD prices to generate illicit gains. In response, KiloEx promptly suspended operations and engaged cybersecurity partners to investigate and track the funds. After a firm public ultimatum offering a white-hat bounty and legal warnings, the hacker chose to return the entire amount, receiving a $750,000 reward. This incident highlights the risks of oracle-based attacks in DeFi and underscores the importance of coordinated cybersecurity responses.
Continue to read KiloEx Hacker Returns Full $7.5M After Swift Recovery Effort
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