Kame Aggregator Hack: Recovers 185 ETH After Negotiations

Kame Aggregator Hack: Security Threat Details

In an unexpected development, Kame Aggregator, a Sei trading platform, fell victim to a hack earlier today. After a detailed investigation, the firm recovered a significant portion of the stolen funds through negotiations with the hackers.

Via an Ethereum transaction, the platform recovered 185 ETH. As the company collects information from affected users, it plans to release a compensation plan. This aims to lessen the disruption caused by the breach.

Funds Recovered in Kame Aggregator Hack

In recent updates about the Kame Aggregator hack, the platform announced it has recovered 185 ETH stolen during the attack. Although the full extent of the losses from the hack is not yet revealed, the platform has assured users that the investigation is still in progress, and a compensation plan will be shared soon. The firm noted in its latest X post,

Critical Update! We have successfully communicated with hackers and they accepted our offer to transfer funds back. 185 ETH has been refunded by this transaction. We are collecting information about affected hackers and will soon inform the compensate plan.

Significantly, the exploit occurs amid Ethereum’s notable rebound from its recent lows. From around $4,500, the token has risen to $4,700 in a single day. Even after the hack, the cryptocurrency is trading in the green zone, with its price currently at $4,732, up by about 5%. Despite a marginal monthly dip of 0.75%, the crypto is up by 11% over the past week.

What Happened?

Earlier today, the Sei trading complier announced about an exploit, urging investors to exercise caution. As a precautionary measure, users were strongly advised to revoke approval for any funds connected to the company immediately.

Kame Aggregator temporarily closed its services after identifying an exploit. To ensure customer safety and investigate the root cause of the attack, the company halted its activities. Seeking apologies for the inconvenience caused, the firm wrote,

We sincerely apologize for this situation. The team is working around the clock to resolve the issue and will provide updates as soon as possible.