KiloEx Compensates Users After $7.5 Million Exploit

Decentralized exchange KiloEx has announced a plan to compensate affected traders and stakers following a $7.5 million exploit that caused a temporary halt in operations in April. The platform committed to covering any losses incurred by users with open positions during the outage. This includes providing full compensation for those who experienced increased losses or decreased profits. KiloEx urged traders to close their positions promptly upon resuming operations to ensure accurate compensation calculations. 💰 📈 The platform also assured Hybrid Vault stakers that funds were fully reinvested into the vault, with no impact on earnings or principal. In addition, a bonus of 10% annual percentage yield (APY) was offered for eligible stakers who had their funds in the vault prior to the platform’s resumption. This aimed to reassure users about the platform’s commitment to protecting investments. 💪