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KiloEx Releases Analysis of Hacker Incident: Due to Not Overriding Key Functions in Contract, Attacker Has Returned 90% of Assets After Cross-Chain Theft
KiloEx published a fundamental cause analysis report on the hacker incident on April 21. The report pointed out that the incident was caused by its smart contract's TrustedForwarder contract inheriting OpenZeppelin's MinimalForwarderUpgradeable but failing to override the execute method, allowing this function to be called arbitrarily. The attack occurred from April 14, 18:52 to 19:40 (UTC), during which the attacker deployed malicious contracts on chains such as opBNB, Base, BSC, Taiko, B2, and Manta to launch the attack.
After negotiating with the attacker, they agreed to keep 10% as a bounty, and the remaining assets (including USDT, USDC, ETH, BNB, WBTC, and DAI) have been fully returned to the project's multisig wallet. The platform has completed vulnerability repairs and resumed operations.
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