KiloEx, a decentralized exchange (DEX), announced plans to compensate users affected by a $7.5 million exploit that led to a temporary shutdown of the platform earlier in April. In an official statement on April 24, KiloEx committed to fully refunding traders who experienced losses due to the suspension, advising them to close their positions as soon as operations resume. Additionally, stakers in the Hybrid Vault are assured that their principal and earnings remain intact, with KiloEx offering an extra 10% annual percentage yield (APY) as a bonus for those who had funds in the vault prior to the platform's reopening. After the exploit, KiloEx attempted negotiations with the hacker, offering a $750,000 white hat bounty for the return of 90% of the stolen funds. Recent updates indicate that the hacker has returned the stolen amount, allowing KiloEx to pursue a bounty reward for their cooperation. The exploit stemmed from a price oracle vulnerability, allowing the attacker to manipulate prices and secure profits illicitly.

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