The hacker behind the $7.5 million KiloEx exploit returned $5.5 million price of cryptocurrency simply 4 days after the assault occurred.
Decentralized exchange (DEX) KiloEx suspended platform operations after struggling a $7.5 million exploit, Cointelegraph reported on April 15.
In a shocking flip of occasions, the pockets deal with behind the exploit has returned $5.5 million price of cryptocurrency to the DEX.
“#KiloEx exploiter -labeled addresses have returned ~$5.5M price of cryptos to #KiloEx,” according to an April 18 X put up from blockchain safety platform PeckShieldAlert.
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The sudden reimbursement occurred after KiloEx supplied a $750,000 “white hat” bounty to the hacker — 10% of the stolen quantity — if the hacker returned 90% of the looted belongings.
The platform stated it was working with legislation enforcement and cybersecurity firms, including Seal-911, SlowMist and Sherlock, to uncover extra in regards to the hacker’s exercise and id.
The preliminary assault could have been prompted on account of a “worth oracle difficulty,” the place the knowledge utilized by a wise contract to find out the value of an asset is manipulated or inaccurate, resulting in the exploit, PeckShield said in an April 14 X put up.
Related: Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses
This is a creating story, and additional data will likely be added because it turns into accessible.
