The hacker behind the $7.5 million KiloEx exploit returned $5.5 million price of cryptocurrency 4 days after the assault.
Decentralized exchange (DEX) KiloEx suspended platform operations after struggling a $7.5 million exploit, Cointelegraph reported on April 15.
In a stunning flip of occasions, the pockets tackle behind the exploit has returned $5.5 million price of cryptocurrency to the DEX.
“#KiloEx exploiter -labeled addresses have returned ~$5.5M worth of cryptos to #KiloEx,” according to an April 18 X submit from blockchain safety platform PeckShieldAlert.
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The sudden reimbursement occurred after KiloEx supplied the hacker a $750,000 “white hat” bounty — 10% of the stolen quantity — in the event that they returned 90% of the looted property.
The platform stated it was working with regulation 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 might have been precipitated as a consequence of a “price oracle issue,” the place the data utilized by a sensible contract to find out the worth of an asset is manipulated or inaccurate, resulting in the exploit, PeckShield said in an April 14 X submit.
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This is a creating story, and additional data will probably be added because it turns into out there.
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