In a recent development, KiloEX has announced the suspension of its platform as they actively work to track down $7.5 million in stolen funds. This situation has left users and investors in a state of uncertainty. The incident underscores the volatile and precarious nature of the Web3 environment, where even established platforms can encounter severe security issues. In light of this, KiloEX is taking decisive action to recover the lost assets and assure its stakeholder security and transparency, prompting other platforms to evaluate their own security measures very closely as well.