KiloEx Addresses Security Breach, Initiates Recovery Efforts

KiloEx has confirmed a security breach affecting its treasury on the X platform. The company has urged all partner agreements and platforms to blacklist the compromised address to mitigate potential further malicious activities. The vulnerability has been contained, and KiloEx is temporarily suspending platform operations while collaborating with security partners to understand the extent of the incident and trace the flow of funds. A bounty program will be launched, and the team is actively analyzing attack vectors and impacted assets. KiloEx is working closely with ecosystem partners to track and recover lost funds as effectively as possible. The company is also preparing a comprehensive report for community members and expects to share it in the coming days.