KiloEx to Compensate Users Impacted by $7M Attack
6
3
KiloEX, the decentralized exchange (DEX) exploited for $7 million earlier this month, has outlined compensation plans for affected users. Open positions during the platform’s suspension will be reimbursed for losses or reduced profits, calculated until service resumes.
The attacker, leveraging Tornado Cash-funded wallets, exploited a vulnerability in KiloEx’s price oracle system. Users are advised to close positions promptly post-resumption to maximize recovery.
By:
Previous
Hedera HBAR Targets $0.20 as Open Interest Soars and Bullish Momentum Builds
Next
JP Morgan Forecasts Gold Rally to $4,000 Amid Market Volatility
