Decentralized crypto exchange Kiloex says that it is following the portfolios of the hacker and is ready to escalate the case if the funds are not returned.
Kiloex, which was the target of a cross chain attack, has offered the hacker a deal to return the stolen funds, which threatened further action if the funds are not returned. The protocol, supported by YZI Labs (formerly known as Binance Labs), was operated for around $ 7.4 million in an infringement earlier on Monday.
Kiloex confirmed the infringement and recognized a vulnerability in its price oracle system as the cause. The platform has since suspended its activities and collaboration with blockchain security companies, in addition to networks such as BNB Chain and Manta Network. Kiloex also called on protocols and platforms to blacklist the wallet of the attacker.
Now, to resolve the case, Kiloex has made a proposal directly to the hacker. In an X -post On Tuesday, April 15, the Kiloex team said it follows the hacker’s portfolio addresses and “willing to freeze the stolen funds immediately.” The platform has also given the hacker a 72 -hour deadline to give back 90% of the stolen funds and offers a premium of 10% as a “Whitehat Bounty” for the Hacker’s collaboration.
If the hacker does not suffice, Kiloex warned that he “will escalate the investigation with law enforcement and cyber security partners”, adding that the identity and activities of the hacker “will be exposed to relevant authorities.”
As Crypto.News reported earlier, the exploit shows a growing trend of attacks in the decentralized financing sector, with almost $ 1.65 billion reported as only in Q1, which marks a record high in crypto exploits.
