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BTCC / BTCC Square / Global Cryptocurrency /
KiloEx Plans Compensation for Users Hit by $7.5M Exploit

KiloEx Plans Compensation for Users Hit by $7.5M Exploit

Author:
Global Cryptocurrency
Published:
2025-04-24 14:55:02
17
3

KiloEx, a decentralized exchange, has outlined compensation plans for users affected by a recent $7.5 million exploit. The breach, which partially recovered funds days later, prompted the platform to suspend trading temporarily.

Affected parties include traders, Hybrid Vault stakers, and VIP users. Compensation will cover differential losses or reduced profits for open positions during the suspension. Payouts are capped at losses incurred up to the resumption of trading, with users urged to close positions promptly.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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