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KiloEx Recovers Hacked Funds, Awards Bounty to White Hat Hacker
KiloEx Recovers Hacked Funds, Awards Bounty to White Hat Hacker
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KiloEx, a decentralized exchange (DEX) for trading perpetual futures, announced the recovery of all hacked funds after a sophisticated attack resulted in user losses of around $7 million. The DEX is working to close the legal process of recovering the funds and is awarding 10% of the recovered amount as a bounty to the white hat hacker who assisted in the recovery. KiloEx’s native token KILO surged more than 14% in 24 hours on the news.
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