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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

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-24 15:38:02
0

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.

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