KiloEx offers hacker 10% reward to return stolen funds, gives 72-hour deadline

Decentralized crypto exchange kilox says that it follows the portfolios of the pirate and is ready to degenerate the case if the funds have not returned.

Kiloex, which was targeted in a transversal attack, offered the pirate an agreement to return the stolen funds, threatening other measures if the funds have not returned. The protocol, supported by Yzi Labs (formerly known as Binance laboratories), was operated for around $ 7.4 million in violation earlier on Monday.

Kiloex confirmed Violation, recognizing a vulnerability in its Oracle Price system as a deep cause. The platform has since suspended its activities and initiated cooperation with blockchain safety companies, alongside networks such as BNB Chain and Mantwork. Kiloex also called protocols and platforms to set up the striker’s portfolio in black.

Now, to resolve the question, Kiloex has made a proposal directly to the pirate. In A post X On Tuesday, April 15, the Kiloex team said they followed the addresses of the pirate portfolio and was “ready to quickly freeze the stolen funds”. The platform also gave the hacker a period of 72 hours to return 90% of stolen funds, offering a bonus of 10% as “Bounty Whitehat” for the cooperation of the pirate.

If the pirate does not comply, Kiloex warned that it “would increase the investigation with the partners of the application of laws and cybersecurity”, adding that the identity and activities of the pirate “will be exposed to the relevant authorities”.

Like crypto.News reported Earlier, the feat demonstrates an increasing tendency of attacks in the decentralized finance sector, with nearly $ 1.65 billion reported as stolen in the first quarter, marking a record in cryptographic exploits.