Kiloex, a decentralized derivatives trading platforms have faced a major security lapse. Hackers explore the platform vaults and blew up a huge amount of about $ 7.5 million. The platform has temporarily closed its service after Kiloex Hack.
Kiloex stopped all the activities of the platform
The team told that they now many Blockchain And the top cyber security experts are investigating this attack and are trying to track the stolen funds. In a statement released on social media, Kiloex Group confirmed the incident and publicized the hacker’s wallet address – 0x00fac9281556A90FDB19EAEEF23640B95B4BCBD -.
The team has appealed to all partner platforms and protocols to blacklist this address immediately so that there is no further transactions. Following this incident, Kiloex has stopped all the activities of the platform and started working with several ecosystem partners. This includes BNB Chain, Manta Community and Security Firms such as Seal-911, SlowMist and Sherlock.
Funds sent to multiple networks
Currently, stolen funds are being tracked as they are being transferred to different blockchain networks via Zkbridge and MESON. It seems that the hacker has given funds BNB ChainSpread into networks like OPBNB, Bottom, Taiko, BSQUARED and Manta. Apart from this, a second wallet address on Manta Community has also been shared: 0x551f3110f12c763d161d5A63b5F015d1C1C1C1A954C
Kiloex Group is now trying to contact Zkbridge and MESON as soon as possible to prevent any active transfer. At the same time, he has appealed for help from the entire web3 Folk to contact these protocols and prevent further damage.
Conclusion
The team is now preparing for a bounty program to give prizes to those who help in fund recovery. Soon a post-mortem report will also be released which will be informed about the method of attack, affected assets and steps taken. Kiloex has assured its community that as new information comes out, they will continue to give updates.
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