Binance played a significant role in retrieving stolen funds from a hack that impacted KiloEx, managing to recover 6.1 million USD. The security teams acted swiftly, identifying exploitations and contacting other platforms to block related wallets.
The hacker initially stole around 8.44 million USD by manipulating price mechanisms. With the pressure from the crypto community and enforcement, they returned 90% of the crypto, keeping 10% as a bounty for cooperation.
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