Defi platform Kiloex offers Hacker reward
The decentralized stock exchange (Dex) Kiloex has offered a reward of 10 % to the hacker, who has captured $ 7.5 million in cryptocurrencies from its platform.
Am 15. April published Kiloex An offer to the hacker who had stolen millions from Dex. Kiloex said it worked with law enforcement authorities, cyber security authorities and stock exchanges to find out information about the activities of the hacker.
The Dex also announced wallet addresses that are connected to the hackers and which are actively monitored by the Defi platform and other organizations. Kiloex said they were ready to freeze the stolen funds. However, the Dex offered the hacker $ 750,000 in exchange for the return of 90 % of the stolen assets.
Kiloex said that it would treat the incident as a white exploit if the hacker returns the money.
Hacker steals $ 7.5 million from Kiloex
On April 14th, cyber security companies reported that an attacker reported the platform via a price oracle weak point looted has. According to a report by Peckshield, around $ 3.3 million on base, $ 3.1 million in OPBNB and $ 1 million in BSC token.
The blockchain security company said that the information used by a Smart Contract to determine the price of assets were manipulated, which led to the exploit.
In response to the attack, the platform exposed its Dex. The platform also said that the weak point was eliminated.
Kiloex threatens with legal steps: Hacker is supposed to return funds
The Dex added that it would be based on the matter if the hacker agrees to return the funds. Kiloex wrote:
“We will tweet this decision, recognize your cooperation and complete the case without further measures.”
The Dex informed the hacker that he should report by email or onchain message if he wanted to accept the offer. If the hacker does not accept the offer, the Dex would continue to pursue the matter with the responsible law enforcement authorities and continue the investigation with its cybersecurity partners.
“Your identity and your activities will be disclosed to the responsible authorities. We will take relentlessly legal steps. You have the choice. Act now to avoid irreversible consequences,” wrote Kiloex.
