19-4-2025 – KiloEx, the perpetual futures decentralised exchange, has announced the complete recovery of funds nicked during this week’s sophisticated cyber attack. The platform has pledged a generous 10% bounty to the white-hat hacker who proved instrumental in retrieving the stolen assets.
The successful recovery stands in stark contrast to the grim landscape of cryptocurrency security. Recent findings from blockchain security firm CertiK paint a troubling picture, revealing a staggering $1.67 billion in crypto assets were pinched during 2025’s first quarter—a whopping 303% surge from the previous period. The lion’s share of these losses stemmed from the unprecedented $1.45 billion Bybit incident.
Market reaction to the recovery was swift, with KiloEx’s native token KILO witnessing a 14% uptick within 24 hours, whilst the CoinDesk 20 Index remained unchanged.
The breach, which occurred on 15 April, exploited vulnerabilities across multiple blockchain networks, targeting the exchange’s price oracle system—a crucial component that feeds external data to blockchain smart contracts. The perpetrator, operating through a Tornado Cash-funded wallet, orchestrated a series of calculated moves across Base, BNB Chain, and Taiko networks to manipulate asset valuations.
KiloEx is currently navigating the legal proceedings to formally conclude the case, working alongside judicial authorities and their legal team. They’ve specifically acknowledged the expertise of @SlowMist_Team and @blitezero in handling such matters.
This resolution marks a refreshing departure from typical crypto heist outcomes, where merely 0.38% of purloined funds were returned in Q1, down dramatically from 42.09% in the preceding quarter. The incident highlights both the vulnerability of decentralised finance systems and the potential for community-driven solutions, offering a faster alternative to protracted legal battles.
