CryptoNews reports:
In a surprising turn of events, the hacker behind the $7.5 million exploit of decentralized exchange KiloEx has returned the entire sum just four days after the initial attack.
On April 14, KiloEx suspended its perpetual futures trading platform following a severe security breach that resulted in attackers draining $7.5 million worth of cryptocurrency assets across the Base, opBNB, and BNB Chain networks.
The exploit was traced to a flaw in KiloEx’s price oracle system, which allowed the attacker to manipulate the ETH/USD price feed.
This enabled the attacker to open positions at absurdly low prices and close them at vastly inflated values, profiting millions in single transactions.
… KiloEx’s swift response and aggressive public strategy likely played a crucial role in the resolution.
Just hours after confirming the exploit, the platform issued a stern ultimatum to the attacker via X (formerly Twitter), presenting a choice: return 90% of the funds within 72 hours and receive a 10% white-hat bounty, or face relentless legal and forensic pursuit.
Read more at CryptoNews.
