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BTCC / BTCC Square / Global Cryptocurrency /
DeFi Platform KiloEx Repays Users Following $7.5M Exploit

DeFi Platform KiloEx Repays Users Following $7.5M Exploit

Author:
Global Cryptocurrency
Published:
2025-04-24 15:38:02
7
2

Decentralized exchange KiloEx has fully compensated users affected by a $7.5 million hack, offering complete reimbursement for trading losses and a 10% APY bonus to vault stakers. The exploit, caused by a price oracle vulnerability, allowed unauthorized asset inflation before the platform temporarily suspended operations.

In a white-hat resolution, the hacker retained $750,000 as a bounty while returning remaining funds, avoiding legal repercussions. KiloEx has instructed traders to close any open positions immediately as part of the recovery process.

|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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