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KiloEx Reports Progress on April Hack Investigation

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According to BlockBeats, KiloEx has reported progress in the investigation of the hacking incident that occurred on April 15. The company has filed a report with the Hong Kong police, who have opened a case and are collaborating with the criminal and cybersecurity departments. Some information related to the hackers has been obtained. KiloEx is also working with the security firm SlowMist to compile a detailed incident report, which will be released when appropriate. The security vulnerability has been addressed, and there is currently no risk of position liquidation. All positions will be settled at the snapshot prices before the incident. KiloEx is developing a compensation plan and raising funds, with the Vault function set to gradually resume once the plan is implemented, ensuring the safety of user funds. The stolen funds have not been moved by the hackers. KiloEx has repeatedly communicated on-chain, requesting the return of 90% of the funds, but has yet to receive a response. The relevant addresses have been blocked in collaboration with multiple DeFi protocols and centralized exchanges (CEX). In response to rumors of internal involvement, KiloEx has clarified that the police and SlowMist have fully engaged in the investigation and have accessed all internal data. If there were any internal issues, the case would not have been filed.

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