KiloEx, a decentralized exchange (DEX), announced it has successfully recovered all $7 million lost during a sophisticated hack on April 15, 2025. The attack exploited a vulnerability in the platform's price oracle system, allowing the hacker to manipulate asset prices. In appreciation of the assistance provided by white hat hackers during the recovery, KiloEx will award 10% of the recovered funds as a bounty. The exchange is in the process of coordinating with legal authorities to formally close the case. Following the recovery news, KiloEx's native token, KILO, rose over 14%. This incident underscores ongoing risks in decentralized finance (DeFi), especially concerning security vulnerabilities that can lead to significant financial losses. Despite the positive outcome for KiloEx, a report from CertiK noted that in the first quarter of 2025, hackers stole $1.67 billion worth of crypto—a 303% increase from the previous quarter, with only 0.38% of stolen funds being returned compared to 42.09% in the last quarter. The collaboration among the crypto community to recover the funds highlights a shift away from lengthy legal battles, emphasizing the need to address security in DeFi.

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