DeFi platform KiloEx offers $750K bounty to hacker
KiloEx, a decentralized exchange (DEX), has offered a $750,000 bounty to the hacker who exploited its platform and stole $7.5 million in crypto. The DEX announced this offer on April 15, indicating that it has partnered with law enforcement and cybersecurity agencies to track the hacker's activities. Should the hacker return 90% of the stolen assets, KiloEx stated it would categorize the incident as a white hat exploit, thus treating it more favorably. Specific wallet addresses connected to the hacking activities have been shared and are under surveillance. KiloEx has suspended its operations in response to the exploit, which was enabled by a vulnerability in the price oracle system. Following the cyber attack, the DEX is prepared to take legal action if the bounty is not accepted, indicating that the hacker's identity would be revealed. The platform stated that it would recognize the hacker’s cooperation publicly and close the case amicably if the offer is accepted.
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