KiloEx Vows to Compensate Users After $7M Oracle Exploit
๐จ On April 14, KiloEx, a decentralized exchange (DEX), was hit by a $7.5M price oracle exploit across Base, BNB Chain, and Taiko networks. Attackers manipulated asset prices, causing major user losses.
๐ฐ But thereโs good news!
KiloEx is stepping up with a full compensation plan:
๐น For Traders:
If you had open positions during the exploit, youโll be reimbursed for any additional losses or reduced profits. Just make sure to close positions when trading resumes for accurate calculations!
๐น For Hybrid Vault Stakers:
All stolen funds have been reinjected into the vault โ your principal + earnings are safe. Plus, if you had funds before relaunch, youโre getting a +10% APY bonus as a thank you!
๐ Security experts from PeckShield & SlowMist are on the case, and the attacker has already returned $1.4M. Investigations are ongoing with the help of Hong Kong authorities.
โ๏ธ KiloEx is committed to rebuilding trust and securing the platform.
Stay safe and always DYOR!
