News list for "Kilox"
On April 24th, according to the announcement of KiloEx, for the security incident between 18:27 and 19:40 UTC on April 14th, the platform will introduce differentiated compensation measures for affected users. Traders will be fully compensated for the reduction of profits or the expansion of losses during the downtime. It is recommended that the platform position squaring as soon as possible after recovery; Hybrid Vault pledges users' principal and income without loss, and can participate in the...
After the Binance security team assisted KiloEx in recovering the stolen funds, some community members suggested that Binance publish specific support details in the incident to strengthen the community's trust in ecological security. In response, CZ responded: "There are some details in the middle that can help the handling of future security incidents. If it is fully disclosed, hackers may learn to avoid it. Respect the opinions of all parties involved. Everything else should be transparent."
According to KiloEx's official announcement, the platform has successfully recovered all the stolen assets in this security incident, involving an amount of about 5.50 million US dollars. It is currently cooperating with judicial authorities and third-party experts to advance the formal closure process of the case. At the same time, a 10% bounty will be issued to white hat hackers according to the agreement. KiloEx said it will not pursue further legal responsibility and promised to continue to ...
KiloEx said on its social media platform that with the assistance of law enforcement agencies, cyber security agencies and multiple trading platforms and cross-chain bridge agreements, it has obtained key information about the hack. It is monitoring the activity of some addresses in real time and is ready to freeze the stolen funds at any time. In order to solve this matter, the following plan is proposed: return 90% of the stolen funds to the platform address, the hacker can keep 10% as a white...
"KiloEx Vault has been exploited and the attacker's wallet address is: 0x00f... 4bcbd. All partner agreements and platforms are urged to immediately blacklist this address to prevent further malicious activity. The vulnerability has now been contained. The team has immediately suspended the use of the platform and is working with security partners to track the flow of funds. A bounty program will be released." It was previously reported that KiloEx was suspected of being hacked, involving about ...
"The system detected multiple suspicious transactions across multiple chains involving KiloEx, executing a series of exploitative transactions on the BNB Chain, Base, and Taiko chains through Tornado Cash-funded addresses totaling approximately $7 million," Cyvers Alerts wrote. "The root cause - a potential price oracle access control vulnerability. Attackers are still exploiting the system, involving stolen USDCs or being frozen." As of press time, KiloEx had not responded.
On March 28, KiloEx tweeted that some users did encounter insufficient or incorrect distribution of rewards during the TGE period. The first wave of airdrop compensation involved a total of 2,271 addresses, and 1,203,428.34 KILO needed to be redistributed. KiloEx will continue to follow up according to Google form feedback to compensate users who received insufficient or incorrect distribution.
According to the relevant page, Binance Wallet KiloEx TGE is now open for investment, ending at 20:00 on March 27, Beijing time. It has raised 206,451 BNB, which is about 170 times more than the amount raised.
According to official news, Binance Wallet will launch KiloEx TGE with a subscription cap of 3 BNB.
