Return $6.75 Million, Keep $750,000: KiloEx Makes Offer to Hacker

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.