DEX KiloEx Reveals Resolution Plan for Users Affected by $7M Attack
KiloEx, the decentralized exchange (DEX) targeted by a $7 million hack earlier this month, has announced its resolution plan for users who were affected. The attacker exploited a vulnerability in the platform's price oracle system, leading to significant financial losses for some users. KiloEx has stated that those whose positions remained open during the platform's suspension will be compensated for the difference in their losses or diminished profits. This compensation will only account for changes up until the platform resumes, urging users to close their positions promptly after that. The attack was linked to a wallet financed by Tornado Cash, a crypto laundering service.
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