KiloEX Unveils Compensation Plan for Users Affected by $7 Million Attack
KiloEX, a decentralized exchange, experienced a $7 million attack earlier this month and has announced its resolution plans for affected users.
- Users with open positions during the platform's suspension will receive compensation for losses or reduced profits.
- Compensation calculations will be based on values up to the point of platform resumption.
- Users are encouraged to close their positions promptly after the platform resumes operations.
- The attack involved exploiting a vulnerability in the price oracle system, with funds traced back to Tornado Cash.