Regtech SlowMist, a blockchain security firm, continues to solidify its role in the evolving Web3 ecosystem through innovative incident response, and collaborative defense strategies.
Recent updates from Regtech SlowMist highlight their pivotal role in recovering stolen funds, advancing on-chain communication techniques, and fostering global cybersecurity partnerships, demonstrating their commitment to securing the blockchain landscape.
In a significant development for decentralized finance (DeFi), SlowMist assisted KiloEx, a perpetual trading platform, in recovering approximately $8.44 million in stolen assets following a sophisticated price oracle exploit on April 14, 2025.
The attack exploited a vulnerability in KiloEx’s MinimalForwarder contract, allowing the attacker to manipulate oracle prices across multiple chains, including BNB Chain, Base, and Taiko.
SlowMist’s emergency response, leveraging their MistTrack forensics tool and InMist threat intelligence network, traced the attacker’s identity and facilitated negotiations.
By employing on-chain messaging via Bitcoin’s OP_RETURN function, SlowMist communicated directly with the attacker, leading to the full return of funds within 3.5 days.
KiloEx rewarded the attacker with a 10% white hat bounty, reinforcing ethical hacking incentives.
This case underscores SlowMist’s expertise in incident response and their ability to turn potential losses into recoveries, ensuring no financial harm to KiloEx users.
SlowMist has also released an Emergency Response Guide for Stolen Funds: On-Chain Messaging (BTC Edition), detailing how Bitcoin’s OP_RETURN function can serve as a critical communication channel during security incidents.
The resource explains that OP_RETURN allows up to 80 bytes of data to be embedded in Bitcoin transactions, enabling project teams to send messages to attackers without relying on centralized platforms.
SlowMist outlines practical steps for crafting these messages, including encoding demands for fund returns and bounty offers, as demonstrated in the KiloEx case.
The resource also addresses challenges, such as ensuring message visibility and avoiding misidentification, and provides tools like mempool.space for monitoring.
This resource empowers Web3 projects to adopt proactive, transparent communication strategies, enhancing the likelihood of asset recovery while navigating the decentralized nature of blockchain.
Beyond incident response, SlowMist is strengthening the broader blockchain ecosystem through collaborative defense initiatives.
SlowMist was invited by the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force to conduct a training session on tracking illicit cryptocurrency funds.
This engagement highlights SlowMist’s growing role in bridging blockchain security with law enforcement.
Additionally, SlowMist partnered with Singapore Management University (SMU) as a founding member of a blockchain security research initiative and contributed to a whitepaper on Digital Asset Security, Compliance, and Risk Management.
These efforts reflect SlowMist’s holistic approach, combining technical expertise with education and policy advocacy to enhance Web3 defenses globally.
SlowMist’s recent achievements—recovering millions for KiloEx, working on on-chain messaging, and fostering international partnerships—cement their role as a key player in blockchain security.
With tools like MistTrack, FireWall.x, and a robust threat intelligence network, SlowMist continues to assist firms and platforms such as Binance, OKX, and Crypto.com, ensuring a safer, more resilient blockchain ecosystem.