{"id":7901,"date":"2025-04-15T18:29:41","date_gmt":"2025-04-15T18:29:41","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=7901"},"modified":"2025-04-15T18:29:44","modified_gmt":"2025-04-15T18:29:44","slug":"kiloex-proposes-10-white-hat-reward-to-hacker-sets-72-hour-deadline","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/04\/15\/kiloex-proposes-10-white-hat-reward-to-hacker-sets-72-hour-deadline\/","title":{"rendered":"KiloEx Proposes 10% White Hat Reward to Hacker, Sets 72-Hour Deadline"},"content":{"rendered":"\n<p>Decentralized exchange <strong>KiloEx<\/strong> has issued a 72-hour ultimatum to the hacker behind a recent exploit that drained approximately <strong>$7.4 million<\/strong> from the platform. In an unusual but increasingly common move in the decentralized finance (DeFi) space, KiloEx has offered the attacker a <strong>10% white hat bounty<\/strong> for returning the remaining stolen funds \u2014 or face escalated action involving law enforcement and cybersecurity agencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Exploit: Price Oracle Vulnerability<\/h3>\n\n\n\n<p>The attack, which occurred on <strong>Monday, April 15<\/strong>, was confirmed by the KiloEx team shortly after discovery. The team identified a vulnerability in the <strong>price oracle mechanism<\/strong> as the root cause of the breach. In response, KiloEx suspended operations and began collaborating with blockchain security firms and major networks including <strong>BNB Chain<\/strong> and <strong>Manta Network<\/strong> to investigate the incident.<\/p>\n\n\n\n<p>KiloEx also urged other DeFi protocols, exchanges, and bridges to <strong>blacklist the hacker\u2019s wallet<\/strong> and prevent further movement of the stolen assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">KiloEx\u2019s Offer to the Hacker<\/h3>\n\n\n\n<p>In a statement shared on <strong>X (formerly Twitter)<\/strong>, KiloEx directly addressed the hacker, stating that it had gathered \u201ccritical information\u201d with the help of <strong>law enforcement, cybersecurity agencies, and multiple bridge protocols<\/strong>. The platform emphasized that it is actively monitoring the attacker\u2019s wallet addresses and warned that it is \u201cprepared to freeze the stolen funds promptly.\u201d<\/p>\n\n\n\n<p>To resolve the situation without legal escalation, KiloEx extended a <strong>bounty proposal<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Return 90% of the stolen funds<\/strong><\/li>\n\n\n\n<li><strong>Keep 10% as a white hat reward<\/strong><\/li>\n\n\n\n<li><strong>Deadline: 72 hours from April 15<\/strong><\/li>\n<\/ul>\n\n\n\n<p>If the hacker fails to respond, KiloEx vowed to escalate the matter further, sharing that the attacker&#8217;s identity and activities will be handed over to <strong>relevant authorities<\/strong> for potential prosecution.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are actively monitoring your addresses\u2026 If no resolution is reached within 72 hours, we will escalate the investigation with law enforcement and cybersecurity partners,\u201d the team warned.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">DeFi Hacks on the Rise<\/h3>\n\n\n\n<p>The KiloEx incident adds to the <strong>mounting wave of exploits<\/strong> targeting decentralized finance protocols. As reported by crypto.news, DeFi attacks hit a <strong>record high of $1.65 billion in Q1 2025<\/strong>, underscoring ongoing security challenges in the sector.<\/p>\n\n\n\n<p>With high-value cross-chain vulnerabilities becoming a lucrative target for bad actors, platforms are now increasingly relying on public negotiations and community coordination to recover stolen funds.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Final Thoughts<\/h3>\n\n\n\n<p>KiloEx\u2019s approach reflects a growing trend in the DeFi world: combining <strong>technical forensics, public transparency, and legal pressure<\/strong> in the hopes of resolving exploits without prolonged damage. Whether the hacker accepts the bounty or risks exposure remains to be seen but KiloEx has made it clear that it&#8217;s prepared to fight back.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized exchange KiloEx has issued a 72-hour ultimatum to the hacker behind a recent exploit that drained approximately $7.4 million from the platform. In an unusual but increasingly common move in the decentralized finance (DeFi) space, KiloEx has offered the attacker a 10% white hat bounty for returning the remaining stolen funds \u2014 or face&#8230;<\/p>\n","protected":false},"author":3,"featured_media":7902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[576,809,810],"class_list":["post-7901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-hacker","tag-kiloex","tag-white-hat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KiloEx Proposes 10% White Hat Reward to Hacker, Sets 72-Hour Deadline - Crypto News<\/title>\n<meta name=\"description\" content=\"KiloEx offers 10% white hat bounty to hacker after $7.4M exploit, giving 72-hour deadline before escalating to 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