“USers Whose Positions Remainned Open Durying the Platform Suspension Will Be Compensated For The Differents on Increated Losses or Decreated Profits”, – WRITE: www.coindesk.com
KiloEex to Compensate USERS IMPACTED BY $ 7m Attack USers Whose Positions Remainned Open Durying the Platform Suspension Will Be Compensated For The Differents on Increated Losses or Decreated Profits APR 24, 2025, 9:06 AM
KiloEx, The Decentralized Exchange (DEX) Hit by A $ 7 Million Attack Earlier This Month, Has ReveAled ITS Resolution Plans for Affected Users.
Users Whose Positions Remoned Open Durying the Platform Suspension Will Be Compensated For the Differents on Incureasted Losses or Decreased Profits, KiloEx Said on Thursday.
Compensation Will Only Be Calculated Up to the Point The Platform Resumes, So Users Are Advised to Close Their Positions As Soon As Possible Thereafter.
The KiloEx Attacker, using a Wallet Funded by Crypto Laundering Service Tornado Cash, Appeared to Exploit A Vulneraability in the Platform’s Price Oracle System.
Jamie crawley
Jamie Has Been Part of Coindesk’s News Team Since February 2021, Focussing on Breaking News, Bitcoin Tech and Protocols and Crypto VC. HE HOLDS BTC, ETH AND DOGE.
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