Kilo X provided a 10% white hat bounty to hackers who have used $ 7.5 million in encryption on the platform, KiloEX.
On April 15, KiloEX posted a proposal offered to hackers who stole millions of dollars from DEX. KiloEX said it has cooperated with law enforcement, cyber security agencies and exchange to discover information about hackers’ activities.
DEX also shared a wallet address connected to hackers that the Defi platform and other organizations actively monitor. Kiloex said he is ready to freeze the stolen funds. But DEX provided $ 750,000 to hackers in return for returning 90%of the stolen assets.
KiloEX said that if the hacker returns the funds, the case will be treated as a white hat exploitation.
The hacker stole $ 7.5 million from KiloEX
On April 14, cyber security firms reported that EXPLOITER plundered the platform through price oracle vulnerabilities. According to Peckshield’s report, about $ 3.3 million, $ 3.1 million OPBNB and a million dollars BSC tokens were taken.
The blockchain security company said that the information used by the smart contract was manipulated to determine the price assets.
In response to the attack, the platform stopped Dex. The platform also said it includes an exploit.
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KiloEX pursues legal measures if a hacker does not return funds
DEX added that if the hacker agreed to return the funds, the event would be resolved. KiloEX wrote:
“We will tweet this resolution to recognize cooperation and terminate the case without any additional measures.”
DEX informed the hacker to send an onChain message if he contacted an e -mail or accepted the offer. If the hacker does not accept the proposal, DEX said it will expand the problem and pursue an investigation with cyber security partners.
KiloEX said, “Your identity and activity will be exposed to the relevant authorities. We will constantly pursue legal action. The choice is yours. Now we act to avoid irreversible results.
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