KiloEx has made significant strides in addressing the recent hacking incident that occurred on April 15. The company promptly filed a report with the authorities in Hong Kong, resulting in the police opening a case and actively collaborating with both criminal and cybersecurity departments to track down the culprits responsible for the cyberattack.
Vital information pertaining to the hackers has been successfully obtained, shedding light on the ongoing investigation. In an effort to compile a comprehensive report detailing the incident, KiloEx is working closely with the renowned security firm SlowMist. This report will be published as soon as it is deemed appropriate, ensuring transparency throughout the recovery process.
Meanwhile, the company has taken immediate steps to address the system vulnerability that contributed to the breach, and users can rest assured that their positions are secure without any risk of liquidation. KiloEx is committed to upholding user confidence by settling all positions at the snapshot prices established prior to the hacking incident.
To further support its users, the company is developing a compensation plan and securing the necessary funding to implement this initiative. The Vault function, which plays a crucial role in the user experience, is scheduled to resume gradually once the compensation plan is fully operational, prioritizing the safety of user funds throughout this process. As of now, the stolen funds have remained untouched by the hackers.
Throughout the ordeal, KiloEx has consistently communicated on-chain, appealing for the return of 90% of the funds taken. Despite these efforts, the company has yet to receive any response from the perpetrators. In a bid to protect its users, KiloEx has collaborated with multiple DeFi protocols and centralized exchanges (CEX) to block all relevant addresses associated with the hacking incident. In light of unfounded rumors suggesting internal complicity, KiloEx has unequivocally clarified that both the police and SlowMist are fully engaged in the investigation and have access to all internal data concerning the incident.
If there were any internal issues, the filing of the case would not have been pursued. KiloEx remains dedicated to resolving this matter transparently and effectively, restoring confidence among its user base..