The KiloEx hack on April 15, 2025, prompted a $7 million recovery effort involving law enforcement and a significant decline in KILO token value by 27-30%. The exchange announced that the breach resulted from price oracle manipulation.
KiloEx offered the hacker a 90% return deal within 72 hours, with the remaining 10% as a bounty. The platform has since suspended operations and partnered with cybersecurity agencies to enhance security protocols.
Community concerns regarding cross-chain safety were raised, especially in light of the DeFi sector's broader vulnerabilities that witnessed $1.63 billion in thefts in Q1 2025.
Full story here: https://coincu.com/332294-kiloex-proposes-settlement-post-hack
