SAT

KiloEx updates on the hacker incident: a case has been filed in Hong Kong, and a compensation plan is being developed while funds are being raised

ChainCatcher news, according to official information, KiloEx announced on April 15 regarding the progress of the hacking incident that it has reported to the Hong Kong police and filed a case, and is cooperating with the Criminal Investigation and Cybersecurity departments for investigation. Some information related to the hackers has been obtained. Meanwhile, KiloEx has collaborated with the security company SlowMist to submit a detailed incident report, which will be publicly released when the time is right.The security vulnerability has been fixed, and there is currently no risk of position liquidation. All positions will be settled at the snapshot price before the incident. KiloEx is formulating a compensation plan and raising funds, and the Vault function will gradually resume after the plan is implemented, ensuring the safety of user funds.The hackers have not yet moved the stolen funds. KiloEx has repeatedly sent messages on-chain requesting the return of 90%, but has not received a response so far. The related addresses have been jointly blocked in coordination with multiple DeFi protocols and CEX.In response to rumors about internal involvement, KiloEx solemnly clarifies: the police and SlowMist have fully intervened in the investigation and obtained all internal data. If there are internal issues, the case will not be filed.

Hyperliquid optimizes risk management mechanisms and compensates JELLY long users

ChainCatcher message, according to Hyperliquid's announcement, due to the abnormal trading event in the JELLY market, users holding long positions in JELLY will be compensated at a price of 0.037555 upon settlement. This compensation benefits all JELLY traders except for the marked addresses. Event review:A trader self-executed a JELLY position worth 4 million USDC at a price of 0.0095.Subsequently, the JELLY price rose more than 4 times, triggering HLP to buy back and liquidate the position, resulting in a loss of value for the HLP account.Although the 4 million USDC position did not exceed the dynamic open interest (OI) limit, it failed to prevent further opening of positions after triggering the automatic limit.The key issue was that after HLP took over the position, it shared collateral with other strategy components, which did not trigger automatic deleveraging (ADL).Hyperliquid has strengthened risk management, including:HLP Liquidator Management: Setting stricter account value limits, reducing rebalancing frequency, and introducing more complex buyback liquidation logic. If the Liquidator's losses exceed the threshold, it will trigger ADL instead of automatically using collateral from other components.Dynamic Adjustment of OI Limits: The open interest limit will be dynamically adjusted based on market capitalization.Asset Delisting Mechanism: Validators will vote on-chain to delist assets that fall below the threshold.Hyperliquid is committed to continuously optimizing the system and enhancing risk prevention capabilities.
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