Kiloex, a decentralized exchange (DEX) for the trade of perpetual futures, said Friday that he recovered all his pirated funds after a sophisticated attack this week left users staggering with losses of around $ 7 million.
The DEX is working to close the legal process of recovery of the funds and is granting 10% of the amount recovered as a reward to the white hat hacker that was involved in the process.
“The legal process to formally close the case is now underway, in coordination with the judicial authorities, our legal team and the experts of third parties (special thanks to @lentomist_team @blitezero, who have extensive experience in such matters),” Kiloex said in a publication on social networks on Friday.
The native Kiloex stop increased more than 14% in 24 hours in recovery news, while the broader market caliber index Coindesk 20 remained stable on Friday.
The cryptographic industry has been full of multiple hacks and exploits, resulting in billions of dollars lost by the attackers. Blockchain Certik’s security firm said hackers stole $ 1.67 billion in cryptography in the first quarter of 2025, an increase of 303% of the previous quarter. Most Q1 losses were attributed to the mass trick of Bybit of $ 1.45 billion.
The Exploit of Kiloex developed on April 15 in multiple blockchain networks and seemed derived from vulnerability in the Platform Oracle system, according to the Cyvers of the Blockchain analysis firm. Oracles are blockchain -based tools that transmit any external data to a block chain, where smart contracts use them to make decisions for a financial application.
The attacker used a wallet financed through Tornado cash and executed a series of transactions at the base, the BNB chain and the Taiko networks to take advantage of a defect in the platform price oracle system, which allowed the attacker to manipulate assets prices.
The kiloex could be one of the cases of a cryptographic exploit, where the result was positive for the DEX, since most is not so lucky. Certik said in the report that only 0.38% of the stolen funds in the first quarter were returned compared to 42.09% in the previous quarter.
A growing trend highlighted by the Hack resolution of Kiloex is that the community joined to recover the funds instead of waiting for the judicial battles drawn that leave investors staggering in millions in losses. However, exploit remains a marked reminder of serious risks in decentralized finances, where small vulnerabilities could lead to mass losses, testing confidence in the code.
Read more: Crypto Investors lost $ 1.67b for hacks and exploits in Q1: Cetik
