In a dramatic twist, the hacker behind the $7.5 million exploit of decentralized trading platform KiloEx has returned $5.5 million, according to blockchain security firm PeckShield.
The funds were sent back after KiloEx issued a public ultimatum on X, offering the attacker a 10% bounty in exchange for the return of 90% of the stolen assets.
Despite this partial resolution, $2 million is still unaccounted for, raising ongoing concerns about the platform’s future.
Security Shaken, KILO Token Tanks
The breach has shaken investor confidence in KiloEx, a platform that relies heavily on decentralized oracles and automated smart contracts. Following the news, the KILO token plunged 27%, wiping out millions in market value and prompting the platform to temporarily freeze operations.
Dear Community,
We are pleased to announce that we have successful recovery of all stolen funds related to the recent security incident. This outcome underscores our commitment to protecting user assets and fostering a secure ecosystem.
1. Case Resolution Progress
– The legal…— KiloEx (@KiloEx_perp) April 18, 2025
Community members expressed growing frustration, citing the recurring vulnerabilities in decentralized finance (DeFi) protocols. Critics are calling for urgent improvements in oracle and smart contract security to restore user trust.
Investigations Ongoing, Trust at Risk
While PeckShield and other security partners continue to track the remaining funds, KiloEx has yet to confirm whether any additional returns or breakthroughs are expected. The platform’s downtime has affected liquidity and trading volumes, raising questions about its long-term viability.
Crypto industry leaders are now emphasizing the importance of preemptive security audits and smarter incentive structures to prevent future attacks.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/kiloex-hacker-returns-5-5m-in-crypto-but-2m-still-missing/