KiloEx, a decentralized trading platform, has reached out to the hacker responsible for stealing $7.5 million in crypto.
On April 15, the platform offered a deal to return 90% of the funds and keep 10%, worth $750,000, as a white hat bounty.
The team said they have been working with cybersecurity firms, law enforcement, and exchanges to investigate the attack. They have already identified wallet addresses connected to the theft and shared them publicly.
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According to KiloEx, steps are being taken to monitor and potentially freeze the stolen assets.
As part of the deal, KiloEx stated it would treat the case as a security test instead of a malicious act if the funds are returned. The platform also promised to publicly confirm that the matter is resolved and close the case without further action.
KiloEx invited the person responsible to reach out either by email or through an on-chain message. But if the offer is rejected, the platform made it clear that it will not let the matter drop. The platform warned:
Your identity and activities will be exposed to relevant authorities. We will pursue legal action relentlessly. The choice is yours. Act now to avoid irreversible consequences.
On March 24, Infini, a stablecoin payment platform, sued Chen Shanxuan and three unnamed individuals in Hong Kong. What happened? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
