KiloEx to compensate traders and stakers after $7.5 million exploit

Decentralized exchange (DEX) KiloEx announced it will compensate traders and stakers affected by a $7.5 million exploit that temporarily shut down the platform in April. Traders with open positions during the suspension will receive full compensation for losses or reduced profits. KiloEx advised traders to close their positions as soon as the platform resumes to ensure accurate compensation. For stakers, the stolen funds have been reinjected, and their principal and earnings are unaffected. An additional 10% annual percentage yield (APY) bonus will be provided to eligible stakers.