KiloEx Recovers Stolen Funds Through White-Hat Bounty Offer – Coincu

KiloEx, a decentralized exchange, successfully recovered approximately $7.5 million stolen on April 15, 2025, after offering a 10% white-hat bounty.

The full recovery of funds allows KiloEx to avoid further legal actions, emphasizing the importance of white-hat collaborations for cybersecurity.

$7.5 Million Recovery Through White-Hat Bounty

KiloEx confirmed its hack, with $7.5 million stolen across several chains on April 15, 2025. The incident prompted a swift response, involving Hong Kong police and security firms. The vulnerability was quickly fixed, and full recovery efforts initiated, minimizing risk. KiloEx’s public bounty offer resulted in full fund recovery by April 18, 2025.

This move prevented long-term legal disputes while aligning with white-hat hacker practices.

The hacker returned all stolen funds following our public white-hat bounty offer. We confirm the full recovery and will honor the 10% bounty. [KiloEx Team, Official Account, KiloEx]

KiloEx’s Swift Fund Restoration and Market Impact

Did you know? KiloEx’s quick fund recovery marks one of the swiftest large-scale DeFi fund restorations in recent history, showcasing the potential power of collaborative cybersecurity efforts.

As of April 18, 2025, KiloEx (KILO) shows significant volatility. Its current price stands at $0.04, with a market cap of $9.10 million. CoinMarketCap data reveal a 24-hour trading volume of $19.71 million, increased by 3.93%, and substantial price shifts over past months. KILO’s 24-hour price change reached 14.73%, despite a 71.65% decline over 90 days.

The research team anticipates more rigorous regulatory scrutiny and enhanced technological safeguards across DeFi platforms. Price manipulation vulnerabilities, evident in this hack, underscore the importance of robust security and audit practices. While KiloEx plans gradual service resumption, attention is on long-term DeFi sector resilience and adaptability.