By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Collaboration across Bybit, DigiFT and UBS uMINT expands Collateral Solution for Institutions
    1 week ago
    Digital Data Privacy on P2PS Read Press Release
    Digital Data Privacy on P2PS Read Press Release
    2 years ago
    Here Are the Countries Using Favorable Crypto Laws to Boost Business Through Bitcoin
    Here Are the Countries Using Favorable Crypto Laws to Boost Business Through Bitcoin
    2 years ago
    Latest News
    Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System
    7 hours ago
    Alps Blockchain Announces Corporate Rebranding to Alps
    7 hours ago
    Beyond Holding: Ushering in the Era of Intelligent Bitcoin Yielding with OAKMining
    10 hours ago
    Bombastic Casino Unveils New Design and Enhanced Features
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    4 hours ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    13 hours ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    2 days ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    4 days ago
    10 Crypto APIs for Developers In 2025
    10 Crypto APIs for Developers In 2025
    2 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Binance Tracks Down Hacker and Recovers $6.1 Million in KiloEx Heist
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Binance Tracks Down Hacker and Recovers $6.1 Million in KiloEx Heist
CRYPTO CRIME

Binance Tracks Down Hacker and Recovers $6.1 Million in KiloEx Heist

Fridah Kangai
Last updated: 13/10/2025 8:49 PM
Fridah Kangai
6 months ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Binance Tracks Down Hacker and Recovers $6.1 Million in KiloEx Heist
SHARE

Following a KiloEx decentralized exchange cyber attack, Binance joined an initiative to recover vast amounts of stolen cryptocurrency assets. A vulnerability in KiloEx’s decentralized exchange price oracle functionality resulted in over $7.5 million of losses through a cyber attack.

According to Binance CEO Richard Teng, the exchange immediately reacted to the exploitation that damaged various blockchain networks. The cyberspace breach of April 15 enabled the hacker to achieve false market profits by manipulating token price estimates.

$6.1M traced, blocked, and largely recovered by @binance after the KiloEx exploit!

90% of stolen assets are back thanks to ecosystem teamwork and law enforcement.

Learn how 👇https://t.co/7lSeszRI8c

— Richard Teng (@_RichardTeng) May 1, 2025

The hacker used the oracle to record prices artificially lower than the current market prices. The user created leveraged deals on Base, Taiko, and BNB Chain through this security flaw before withdrawing $8.44 million worth of cryptocurrencies.

Swift Blockchain Action Leads to Stolen Funds Recovery

Binance delivered its response to the security breach after the KiloEx community reported the attack. The platform units and BNB Chain technicians carried out tracking operations for blockchain addresses used during the attack before adding them to the block list.

- Advertisement -

Binance worked with cross-chain bridge platforms to establish measures to prevent stolen funds from moving through their networks. Through this united effort, the team managed to keep the impact in check and stop the attacker from accessing different networks to launder their assets.

The hacker returned 90% of stolen assets as KiloEx successfully negotiated with the attacker. Because of his ethical hacker status, the attacker received a 10% bonus from the stolen funds. Note that this accommodation came with one specific condition: termination of ongoing investigations into their wallet addresses and blocklisting the same addresses.

Through the combined operations, Binance verified that anti-fraud experts recovered $6.1 million worth of cryptocurrency assets. Binance declared ongoing dedication to security and its readiness to aid affected projects during comparable incidents.

Oracle security and rapid incident response abilities on decentralized systems are critical factors following this exploit incident. Binance took swift action alongside collaborations with fellow blockchain users, successfully minimizing financial losses and retrieving the most stolen crypto assets.

Started With 1 ETH: How a Tiny Transaction Triggered a $44M CoinDCX Breach
Shiba Inu’s Lucie Issues Urgent Scam Alert as Crypto Frauds Surge on X Platform
Coinbase Delists Five Cryptocurrencies Following Security Breach, Keeps Withdrawals Open
Elon Musk Warns Crypto Users: ‘Hot Girl’ Texts May Be Part of Scam Surge
Atomic Wallet Hacked Shakes Crypto Community: 35 Million Lost and Ongoing Investigation Ensues
Share This Article
Facebook Email Print
Previous Article How To Use BisectHosting Control Panel: Step-by-Step Guide How To Use BisectHosting Control Panel: Step-by-Step Guide
Next Article 9 Best Gas Fees Tracking Tools (Top 10 for 2025) 9 Best Gas Fees Tracking Tools For 2025
10 Best lenders For Real Estate Investors
10 Best lenders For Real Estate Investors
Only Best
10 Best Crypto Volume Trackers for Accurate Market Insights
10 Best Crypto Volume Trackers for Accurate Market Insights
Altcoins
Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System
Press Releases
Alps Blockchain Announces Corporate Rebranding to Alps
Press Releases

Latest Published

Xbitcoin Capex Club

Xbitcoin Capex Club Is Not Safe Platform To Invest Your Money

3 years ago
light man people art

Avast announces new VenomSoftX malware aimed at stealing cryptocurrencies

3 years ago
Deribit Hot Wallet Stolen

Deribit Hot Wallet Stolen! Loss of $28 million, user funds unaffected

3 years ago
Redis servers

Unknown attacked Redis servers in an attempt to install a cryptocurrency miner

3 years ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?