Binance traced, blocked, and helped recover $6.1M worth of crypto in hours after the recent KiloEx exploit.
Exploits cross chains, so do our defenses — we coordinated with industry partners and law enforcement to cut off the hacker’s exit routes.
In the end, ecosystem teamwork and law enforcement pressure helped recover 90 percent of the stolen assets.
Exploits don’t wait — and neither did we. When decentralized exchange platform KiloEx was hit by a sophisticated price manipulation attack, Binance’s security teams stepped in fast to join the ecosystem-wide collaborative effort to counter the attack.
Our shared goal was clear: trace the attacker, contain the damage, and support recovery efforts. Because when bad actors strike, what’s at stake isn’t just money — it’s the trust users place in the ecosystem, and that’s something we won’t let bad actors undermine. Read on to find out how we pieced together the exploit, moved fast to contain it, and helped turn the tables on the attacker.$BTC