compensation

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.

WEEX K-line anomaly handling follow-up: full compensation plus an additional 1 million WXT and 1 million USDT experience airdrop

ChainCatcher message, WEEX exchange announcement, from March 5, 00:00---01:08 (UTC+8) the ETH/USDT trading pair experienced abnormal K-line and execution delays. The reason is that some nodes of the trading server were deployed with a large number of trading pairs, and during the settlement of funding fees, nodes needed to process the funding fee calculations for all trading pairs simultaneously within 1 second, leading to a sudden increase in memory usage, which caused the anomalies.After the incident, WEEX immediately optimized the funding fee settlement logic, implemented staggered processing for settlements, and expanded and sharded the nodes to distribute the load of trading pairs across multiple nodes, while also conducting a thorough inspection of similar weak points.Following this failure, WEEX completed problem identification within 15 minutes, repairs within 25 minutes, and issued an announcement within 45 minutes, committing to a 100% full compensation, and initially allocated 10 million USDT for compensation. In addition to full compensation, WEEX will also distribute a total of 1 million WXT and 1 million USDT experience funds to affected users and new registered trading users before March 8, 23:59 (UTC+8).Furthermore, WEEX has launched the "ETH 8U Purchase" event with a total prize pool of 88 ETH. New users who recharge ≥ 8 U before March 9, 23:59 (UTC+8), and old users who had trading records from March 4 to 5 and whose daily contract trading volume is ≥ 5,000 USDT during the "ETH 8U Purchase" event can randomly share 11 ETH daily.
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