KiloEx Hacker Breaks Silence, Returns $1.4M USDT After $7.4M Heist

Blockchain Security Firm PeckShield Confirms Return of Funds

The notorious hacker who pulled off KiloEx's jaw-dropping $7.4 million exploit has finally made a move, returning $1.4 million in USDT after days of eerie silence. Blockchain security gurus PeckShield dropped the bombshell on April 18, revealing that the pilfered funds had been quietly sent back to KiloEx's address.

KiloEx, the daring decentralized perpetuals trading platform backed by YZi Labs, was rocked by a cross-chain attack on April 15. The audacious hack targeted the Base, opBNB, and BNB Chain (BNB), sending shockwaves through the crypto world.

#PeckShieldAlert #KiloEx exploiter -labeled addresses has returned ~1.4M #USDT to #KiloEx

Cyvers Alerts and PeckShield Dissect the Exploit

Cyvers Alerts was the first to sound the alarm on the exploit, tracing it back to a wallet funded through the infamous Tornado Cash. The root of the chaos? A sneaky price oracle vulnerability that allowed the hacker to manipulate ETH/USD values like a puppet master, draining funds with inflated prices. PeckShield broke down the damages: Base took a $3.3M hit, opBNB lost $3.1M, and BSC bled $1M.

KiloEx Fights Back with Ultimatum and Bounty

Not ones to back down, KiloEx slapped the attacker with a 72-hour ultimatum and dangled a 10% whitehat bounty of the stolen loot in exchange for the return of the rest. "We're watching your every move and ready to freeze those stolen funds faster than you can say 'blockchain,'" the team warned, ready for battle.

When Silence Met Action: KiloEx Involves Authorities

When the hacker's silence persisted, KiloEx didn't hesitate. They marched straight to the Hong Kong police on April 17, filing a formal case and teaming up with cybersecurity heavyweights SlowMist to fuel the investigation. KiloEx wasn't playing around, sharing crucial data with law enforcement and promising a full incident report as the probe unfolded.

Dear KiloEx Users, We would like to update you on the latest developments regarding the April 15th hacker incident. 1. We have reported the incident to the Hong Kong police, and a formal case has been filed. KiloEx is working with both the Criminal Division and the Cybercrime...

Progress Amidst Uncertainty

While the $1.4M return doesn't quite hit the 90% target, it's a glimmer of hope in this crypto drama. KiloEx hasn't spilled the beans on whether they've pocketed the funds or if talks with the hacker are still simmering behind the scenes.

KiloEx's Road to Recovery

Amidst the chaos, KiloEx is rolling up its sleeves to get trading back on track and hammer out a user compensation plan. They've promised users that open positions will be settled at pre-attack prices, ensuring no one gets thrown to the liquidation wolves.