Kiloex reports $ 7 million for Hong Kong police, promises user compensation

Decentralized Eternal Miles Exchange reported 7.4m US dollars in Hong Kong police and prepares a compensation plan for affected users.

In detailed updates published on the X platform, she said work with police criminal division and cybercriminal units, as well as Bluckchain security firm slower, for testing incidents and monitor the identity of hackers.

Injuries 15. April stem from the price of Oracle Access Control vulnerability that allowed the attacker to manipulate the prices of eth / USD, millions of millions in one transaction. Exploit was first detected by cyclic warnings, which marked suspicious activity cross-chains over the base, point and BNB chain.

According to Peckshield, the losses were spread over the basis ($ 3.3 million), OPBNB ($ 3.1 million) and BSC (million dollars).

Kiloex said that the vulnerability was fixed and emphasized that there were no open positions to face liquidation. Instead, all positions will be closed based on the price of the price recorded before the attack. Profits and losses from the exploitation period will not count on the final balance of the user.

The exchange launched communication with the hacker, sending four to chain messages that offer to accept 90% of stolen funds in exchange for release search. So far, no response has been received, and the funds remain employed. Kiloex also published the Baker Wallet addresses and coordinated with centralized and decentralized platforms for blocking further access.

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Tentative plan for compensation

To reinstate the user, Kiloex stated that increasing funds for compensation and gradually return the treasury function after the plan is completed.

“We currently raise funds and work on the compensation plan to ensure that kiloex users can quickly return liquidity”, the exchange was published. “The treasury function will gradually be renewed after the compensation plan is completed. The funds of the user in the vault remain secure.”

The team denied rumors on internal participation, noting that the second and enforcement laws have full access to their internal data.

The full report will be published after the investigation allows. Trading is expected to proceed soon. Protocol, supported YZI Labs, offers bounties for users submitted marks that help in the investigation.

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