TechFlow news, April 17 — According to an official announcement from KiloEx, a report has been filed with Hong Kong police regarding the hacking incident on April 15, and the case has been formally registered. The exchange is currently cooperating with the criminal and cybercrime division to trace the hacker's identity.
KiloEx has partnered with SlowMist Technology to complete the incident investigation report, which has already been submitted to law enforcement. The exchange stated that the security vulnerability has been patched and trading functionality is being restored. User positions will be settled based on price snapshots taken before the attack, eliminating any risk of forced liquidation. The hacker has not yet moved the stolen funds, and the exchange has sent four on-chain messages demanding the return of 90% of the stolen assets. KiloEx is raising funds to develop a compensation plan, and the treasury function will be gradually reinstated once the compensation scheme is finalized. In response to rumors of internal involvement, KiloEx clarified: "Both the police and SlowMist have fully joined the investigation and have accessed all internal data. If there were any internal issues, the case would not have been accepted for filing."
Previous report, perpetual contract DEX KiloEx was hacked, resulting in losses of approximately $7.5 million.
