KiloEx to Compensate Users Impacted by $7M Attack

Finance, Hack, Attack, DEX, News Users whose positions remained open throughout the platform suspension shall be compensated for the distinction on elevated losses or decreased earnings 

KiloEX, the decentralized trade (DEX) hit by a $7 million assault earlier this month, has revealed its decision plans for affected customers.

Users whose positions remained open throughout the platform suspension shall be compensated for the distinction on elevated losses or decreased earnings, KiloEX said on Thursday.

Compensation will solely be calculated as much as the purpose the platform resumes, so customers are suggested to shut their positions as quickly as potential thereafter.

The KiloEx attacker, utilizing a pockets funded by crypto laundering service Tornado Cash, appeared to exploit a vulnerability within the platform’s value oracle system.

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