KiloEx to Compensate Users Affected by Major Hack
KiloEx, the decentralized exchange (DEX), has announced a compensation plan for traders and stakers impacted by a $7.5 million hacking incident that resulted in a temporary halt of platform operations earlier this April. With a commitment to fairness, KiloEx has stated that traders who maintained positions during the suspension will receive full compensation for their losses, ensuring that profit decreases will also be addressed. This move aims to restore trust among users and reaffirm KiloEx’s dedication to security and customer satisfaction. As the platform gradually resumes regular trading activities, many are eager to observe how this compensation will affect user confidence and engagement moving forward. KiloEx’s proactive approach could potentially set a precedent for how DEX platforms handle security breaches in the future.