KiloEx reports $7m hack to Hong Kong police, vows user compensation

DECENTRALIVED PERPETUALS EXCHANGE KILOEUX reported a recent hack of $ 7.4 million to the Hong Kong police and is preparing a compensation plan for affected users.

In a detailed update poster On X, the platform said that it was working with the criminal police division and the cybercrime unit, as well as the Safety Blockchain Slowmist security company to investigate the incident and follow the identity of the pirate.

April 15 break Coming from an Oracle Price access control vulnerability which allowed an attacker to handle ETH / USD pricing, generating millions in a single transaction. The feat was detected for the first time by cywrier alerts, which reported a suspicious cross -activity through the base of the base, the Taiko and the BNB chain.

According to PeckshieldThe losses were distributed on the basis ($ 3.3 million), the OPBNB ($ 3.1 million) and the BSC ($ 1 million).

Kiloex said that the vulnerability had been set and stressed that no open position would be faced with the liquidation. Instead, all positions will be closed according to the instant prices taken before the attack. The benefits and losses of the feat period will not count for the user end sales.

The exchange initiated communication With the pirate, sending four messages on a chain offering to accept 90% of the stolen funds in exchange for the research of the pursuit. Until now, no response has been received and the funds remain impassive. Kiloex also published the addresses of the pirate portfolio and coordinated with centralized and decentralized platforms to block additional access.

Provisional compensation plan

To reassure users, Kiloex said that he was raising funds for compensation and will gradually restore the function of the safe after the plan.

“We are currently collecting funds and working on a remuneration plan to ensure that kiloex users can quickly restore liquidity,” published the Stock Exchange. “The function of the safe will be gradually restored after the finalization of the remuneration plan. User funds in the safe remain secure. ”

The team denied rumors of internal involvement, noting that Slowmist and the police have full access to its internal data.

A full report will be published once the survey will allow. Trading should resume soon. The protocol, supported by Yzi Labs, offers bonuses for the indices submitted by the user who helps the investigation.