KiloEx Sees Partial Recovery After $7 Million Crypto Exploit – DeFi Spotlight

A surprising development has emerged in the world of decentralized finance (DeFi) following the recent $7 million hack of KiloEx, a popular perpetual contract exchange. Blockchain security firm PeckShield revealed that the exploiter behind the attack has initiated the return of around $1.4 million in USDT to the platform. This partial fund recovery offers a glimmer of hope for the impacted users and highlights the ongoing challenges in DeFi security.