A recent hack of the cryptocurrency trading platform KiloEx has led to a significant loss of approximately $7 million. The platform’s owners are attempting to recover the stolen funds through a proposed settlement with the hacker, offering 90% of the stolen money back within 72 hours, along with legal immunity. This offer sparked a market response, causing a 27-30% drop in KILO token value. The hack is attributed to price oracle manipulation, and KiloEx has suspended its platform for enhanced security investigations. Law enforcement agencies are supporting this effort by collaborating with exchanges to monitor fund flows. To mitigate future vulnerabilities, the platform will introduce a bug bounty program and strengthen their security protocols.