The funds were sent back after KiloEx gave the hacker a little “incentive” on X, offering a 10% bounty to return 90% of the stolen assets. Because who doesn’t want a reward for returning stolen goods, right? 🙄
But wait—there’s still $2 million missing. Yeah, you read that right. $2 MILLION. Just casually MIA. No big deal, though. This is fine. Everything’s fine. 😅
Security Breach: KILO Token Takes a Nose Dive 💥
So, in case you missed it, KiloEx had a little “security incident,” which caused investor confidence to plummet faster than a dropped phone screen-first. The KILO token crashed by 27%, erasing millions in market value faster than you can say “decentralized finance.” Then, of course, they had to freeze everything to “figure things out.” 🙃
Dear Community,
We are pleased to announce that we have successfully recovered all stolen funds related to the recent security incident. This outcome shows how deeply committed we are to protecting your precious crypto and maintaining a secure ecosystem… except for the $2 million that’s still missing. Oops.
1. Case Resolution Progress
– The legal…— KiloEx (@KiloEx_perp)
And, oh boy, the community is *thrilled* (not). There’s a lot of grumbling about recurring vulnerabilities in DeFi protocols. People are now demanding better security for oracles and smart contracts because, apparently, leaving millions to be stolen is not the vibe. Who knew? 🤷♀️
Investigation Ongoing, But Trust Is Officially Shaky
While PeckShield and their security pals are busy trying to track down the missing funds, KiloEx has yet to confirm whether anything else is going to be recovered. Oh, and by the way, their downtime has totally affected liquidity and trading volumes. Shocking, right? So, naturally, people are asking whether this platform has a future or if it’s just going to become a cautionary tale. 🙄
Crypto bigwigs are now all about preemptive security audits and better incentive structures to make sure this doesn’t happen again. Because apparently, waiting until $2 million is gone to start securing things is, you know, a little late. 😬
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2025-04-18 16:12