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KiloEx, a decentralized exchange (DEX), has announced a $750,000 bounty for the hacker who exploited its platform, resulting in a theft of approximately $7.5 million in cryptocurrencies. The exchange is offering 10% of the stolen funds as a white-hat bounty, contingent upon the return of 90% of the stolen assets.
The exploit occurred on April 14, 2025, when a price oracle vulnerability was manipulated, allowing the attacker to siphon off funds from the platform. KiloEx has since suspended its DEX and is collaborating with law enforcement, cybersecurity agencies, and exchanges to trace the hacker’s activities. Wallet addresses associated with the hacker are under active monitoring, and the platform is prepared to freeze the stolen funds if necessary.
KiloEx has communicated to the hacker that failure to return the stolen assets will lead to legal action and exposure of their identity to relevant authorities. The exchange has provided contact details for the hacker to reach out if they accept the bounty offer and return the funds.
