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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.

Solana Labs' early investor Foundation Capital has raised $600 million for its 11th fund

ChainCatcher news, according to The Block, Silicon Valley venture capital firm Foundation Capital has raised $600 million for its 11th fund. The firm, an early investor in Solana Labs, will continue to focus on supporting early-stage startups.This venture capital firm, established 30 years ago, primarily invests in areas such as cryptocurrency, fintech, and artificial intelligence. It stated that the new fund will continue its tradition of supporting founders before product building or revenue generation, providing support at the "zero starting point" stage. Foundation Capital noted that 80% of its investments occur before a company generates its first dollar of revenue, "We look for what we call 'zero-to-billion-dollar markets'—these opportunities do not appear in industry forecasts because they are only visible to those who can see beyond the current existence."Foundation Capital is one of the early investors in Solana Labs, having participated in its $20 million Series A funding round in 2019. Its cryptocurrency portfolio also includes Binance U.S., OpenSea, MoonPay, Algorand, Stacks, BCB Group, Helius, Jito, and Kamino. The firm stated, "We have been investing in blockchain since 2014, unaffected by the harsh cryptocurrency winter."Foundation Capital's 11th fund has grown by 20% compared to the previous $500 million fund that closed three years ago. The firm's partner Rodolfo Gonzalez stated on social media, "If you are a seed-stage founder working in cryptocurrency, fintech, or enterprise AI, please come talk to us."
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