DEX KiloEx Reveals Fix Plan for Users Affected by $7 Million Attack

KiloEx to compensate users affected by attack for $7 million

Users whose positions remained open during the platform suspension will be reimbursed for the difference in increased losses or reduced profits.

Jamie Crowley | Edited by Parikshit Mishra on April 24, 2025, 9:06 AM

What you should know:

• KiloEX, the decentralized exchange that suffered a $7 million attack earlier this month, has announced its plans to fix the problem for affected users.
• The KiloEx attacker appears to have exploited a vulnerability in the platform's price oracle system.

KiloEX, the decentralized exchange (DEX) that suffered a $7 million attack earlier this month, has shared its intentions to help affected users.

KiloEX said on Thursday that users whose positions remained open during the platform's suspension would be compensated for the difference in increased losses or reduced profits.

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Compensation will only be calculated until the platform is back online, so users are advised to close their positions as soon as possible after that.

The KiloEx attacker, who used a wallet funded by cryptocurrency laundering service Tornado Cash, appears to have exploited a vulnerability in the platform's price oracle system.

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