In a rare twist in the crypto world, the hacker who exploited the decentralized exchange KiloEX has decided to return nearly all of the stolen funds. The reversal came after the team offered a 10% white hat bounty in exchange for the safe return of assets and a promise not to pursue legal action. What began as an attack has turned into a white hat rescue story.
🔹 Two Transactions, Almost $7 Million Recovered
The attacker first sent back $1.4 million, followed hours later by an additional $5.5 million. The funds were sent from addresses previously linked to the hacker.
🔸 These transfers fulfilled the terms of a deal proposed on April 15, in which KiloEX offered to drop all investigations if 90% of the stolen funds were returned.
🔸 Otherwise, the team threatened to escalate the case to law enforcement and Web3 security partners.
Following the return, KiloEX declared the case officially closed and confirmed that the hacker is now recognized as a white hat eligible for the promised reward.
🔹 Exchange Still Down, But Token Starts to Recover
In the aftermath of the hack, KiloEX halted all trading activity and is now working to rebuild liquidity and reactivate its 55+ trading pairs.
Its native token KILO has since rebounded to $0.42 following the announcement, though it remains near a three-month low. Prior to the token return, KiloEX launched a fundraising campaign to restore liquidity quickly.
The exploited oracle vulnerability has been fully patched, with KiloEX assuring that a similar attack is no longer possible.
🔹 Multi-Chain Hack Hits $7.4M Across Four Networks
Unlike typical exploits that target Ethereum, this was a multi-chain attack, affecting Base, BNB Chain, opBNB, and Taiko.
The majority of stolen assets were held in USDC on BNB Smart Chain, which ultimately worked in KiloEX’s favor — Circle’s stablecoins can be frozen.
🔹 Protocols and Exchanges Worked Together
KiloEX stated it was monitoring all attacker wallets and immediately froze some of the stolen funds. Exchanges like Binance, Mexc, Gate, and Bybit, along with protocols such as Manta Network, assisted in the containment effort.
The incident, though not massive in scale, showcased Web3’s increasing ability to collaborate in real time and stop bad actors from laundering funds. It’s a case study in how centralized and decentralized players can align under pressure.
🔹 KiloEX Aims to Restore Trust
The hack came just weeks after the launch of KILO’s native token, causing an initial price crash. Still, the KiloEX team handled the crisis transparently, avoided denial or cover-ups, and is focused on rebuilding trust.
KiloEX is part of the growing trend of high-leverage perpetual DEXs, which attract traders looking for profits amid high volatility — despite the inherent risks.
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