Hacker Returns $5.5 Million to KiloEx – Coincu

PeckShieldAlert confirmed that an attacker returned $5.5 million in cryptocurrency to KiloEx as of April 18, 2025. The incident initially resulted in losses of approximately $7.5 million.

This situation underscores concerns within decentralized finance security, impacting user trust and platform reliability.

Hacker Returns $5.5 Million; $2 Million Still Missing

The hacker behind the KiloEx exploit returned $5.5 million following the decentralized trading platform’s ultimatum shared via Twitter. PeckShield confirmed the transfer of funds, marking a development in restitution efforts. KiloEx had previously offered a bounty, urging the attacker to return 90% of the funds for a 10% reward. Despite this, $2 million remains missing, prompting ongoing collaboration with security firms.

Community reactions reflect frustration as KILO token value fell 27%, significantly affecting investor confidence. PeckShield and other partners continue investigations while KiloEx has temporarily frozen operations, impacting liquidity and user activity. Statements from key crypto figures emphasize the necessity for strengthened oracle security.

“We regret to inform you that the KiloEx Vault has been exploited. The attacker’s wallet address is: 0x00fac92881556a90fdb19eae9f23640b95b4bcbd. We urge all partner protocols and platforms to blacklist the attacker’s address.” – KiloEx Team, Official Account, KiloEx

Vulnerability Trends and Financial Impacts in DeFi

Did you know? KiloEx’s exploit mirrors past incidents with similar vulnerabilities in decentralized finance protocols, stressing the need for enhanced oracle security measures and core smart contract audits.

Tether USDt (USDT) remains stable at $1.00, supported by a $144.77 billion market cap, per CoinMarketCap. Trading volume, however, has dipped 19.10% to $44.69 billion over 24 hours. This comes as circulating supply stands at 144.8 billion USDT as of April 18, 2025.

The Coincu Research Team suggests potential regulatory developments influencing decentralized platforms, advocating for proactive security enhancements and robust cross-chain protections to prevent similar future breaches.