The hacker behind the exploit worth $ 7.5 million returned all stolen funds four days after the attack.
Decentralized replacement (DEX) Kiloex suspended the platform operations after suffering an exploit worth $ 7.5 million, said CointeLgraph on April 15.
At a surprising point of events, the portfolio address behind Exploit returned to DEX all the stolen cryptocurrency loot.
“Addresses #kiloex exploiter -cryptos worth $ 5.5 million to #kiloex” According to To the post of April 18 from the Blockchain Peckshieldaler security platform.
A few minutes after the occurrence of the transfer, Kiloex announced full recovery of all stolen funds, the exchange was written on April 18 x post.
An unexpected repayment occurred after Kiloex offered a hacker for $ 750,000 “white hat” – 10% of the stolen amount – if they returned 90% of assets with graphics.
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The platform said that it cooperates with law enforcement and cyber security companies, including SEAL-911, Slowmist and Sherlock, to discover more about the hacker’s activity and identity.
The initial attack could be caused by the “Oracle Price problem”, in which the information used by an knowledgeable contract to determine the price of assets is manipulated or inexact, which leads to Exploit, Peckkshield he said In the post of April 14.
Related: 100 best hats: offchain attack vectors constitute 57% losses
Kiloex will not pay legal fees after regaining assets
After regaining funds, the platform will not implement any legal allegations against the attacker, said Kiloex:
“The legal process in order to formally close the case is already underway […]. Because all affected funds are fully restored (leaving no victims), we fulfill our commitment to resolve this matter fairly and transparent. “
“According to compliance with our contract, we will grant 10% of the recovered amount as a reward for a committed hat, recognizing their contribution to improving the safety of our platform,” added Kiloex.
White Hat hackers, also known as ethical hackers, are looking for infrastructure gaps to avoid future feats.
The need for better cryptocurrency security measures was emphasized on February 21, when the Bybit Stock Exchange lost over $ 1.4 billion, marking the largest hack in the history of cryptocurrencies.
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