{"id":22729,"date":"2025-04-18T13:46:33","date_gmt":"2025-04-18T13:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22729"},"modified":"2025-04-18T13:46:33","modified_gmt":"2025-04-18T13:46:33","slug":"kiloex-exchange-exploiter-returns-all-stolen-funds-after-7-5m-hack","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22729","title":{"rendered":"KiloEx exchange exploiter returns all stolen funds after $7.5M hack"},"content":{"rendered":"
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\"KiloEx<\/p>\n

A hacker behind the $7.5 million KiloEx exploit returned all the stolen funds four days after the attack.<\/p>\n

Decentralized exchange (DEX)<\/a> KiloEx had suspended platform operations after suffering the $7.5 million exploit<\/a>, Cointelegraph reported on April 15.<\/p>\n

In a surprising turn of events, the wallet address behind the exploit has returned all of the stolen cryptocurrency loot to the DEX.\u00a0<\/p>\n

\u201c#KiloEx exploiter -labeled addresses have returned ~$5.5M worth of cryptos to #KiloEx,\u201d according<\/a> to an April 18 X post from blockchain security platform PeckShieldAlert.<\/p>\n

Minutes after the transfer occurred, KiloEx announced the full recovery of all the stolen funds, the exchange wrote in an April 18 X post<\/a>.<\/p>\n

\"Cryptocurrencies,
Source: <\/em>KiloEx<\/em><\/a><\/figcaption><\/figure>\n

The unexpected repayment occurred after KiloEx offered the hacker a $750,000 \u201cwhite hat\u201d bounty \u2014 10% of the stolen amount \u2014 if they returned 90% of the looted assets.<\/p>\n

Related: <\/strong><\/em>Mantra OM token crash exposes \u2018critical\u2019 liquidity issues in crypto<\/strong><\/em><\/a><\/p>\n

The platform said it was working with law enforcement and cybersecurity firms, including Seal-911<\/a>, SlowMist and Sherlock, to uncover more about the hacker\u2019s activity and identity.<\/p>\n

The initial attack may have been caused due to a \u201cprice oracle issue,\u201d where the information used by a smart contract to determine the price of an asset is manipulated or inaccurate<\/a>, leading to the exploit, PeckShield said<\/a> in an April 14 X post.<\/p>\n

Related: <\/strong><\/em>Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses<\/strong><\/em><\/a><\/p>\n

KiloEx won\u2019t pursue legal charges after asset recovery<\/h2>\n

Following the recovery of the funds, the platform will not be pursuing any legal charges against the attacker, KiloEx said:<\/p>\n

\u201cThe legal process to formally close the case is now underway […]. With all affected funds fully restored (leaving no victims), we are fulfilling our pledge to resolve this matter fairly and transparently.\u201d<\/p><\/blockquote>\n

\u201cIn adherence to our agreement, we will award 10% of the recovered amount as a bounty to the white hat involved, recognizing their contribution to improving our platform\u2019s security,\u201d KiloEx added.<\/p>\n

White hat hackers, also known as ethical hackers, look for infrastructure vulnerabilities to avoid future exploits.<\/p>\n

The necessity of improved crypto security measures was highlighted on Feb. 21, when Bybit exchange lost over $1.4 billion<\/a>, marking the largest hack in crypto history<\/a>.<\/p>\n