KiloEx's ‘Sophisticated’ Hack Shows DeFi Risks — But This Time, Recovery Was Swift

Quick Summary:

The firm will be awarding a 10% bounty to white hat hackers involved in the resolution of the exploit.

CertiK said in the report that only 0.38% of stolen funds in the first quarter were returned compared to 42.09% in the previous quarter.

The KiloEx might be one of the cases of a crypto exploit, where the outcome was positive for the DEX, as most aren't as lucky.

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Article Details

Author / Journalist: Aoyon Ashraf

Category: Crypto

Markets: United StatesCuba

Topics: News DEX Hack Tech Exploit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 15:36:58 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27979948

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Main Topics: Crypto

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News Last Updated: 21 hours ago

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