Restart of KiloEx Fails to Boost KILO Stock, Users Advised on Current Status

Comeback of the Crypto Platform: KiloEx Rebounds After $7M Hack and Announces Compensation Plan

Just over two weeks after a hacking incident forced KiloEx to halt operations, the decentralized exchange (DEX) is back, unveiling a robust compensation scheme for users hit by the breach.

Compensating Victims of the KiloEx Hack

In a move that showcases resilience in the face of persistent threats to the crypto industry, KiloEx outlined its compensation plan on Twitter and Medium.

"Since our security incident on April 14, 2025, we've been working hard to resolve matters for traders, Hybrid Vault stakers, and VIP users. Here's how we're making things right," the DEX announced.

In the fine print, users will find distinct guidelines for each affected category.

Instructions for KiloEx Traders

Following the platform's re-launch, limit orders for traders will be canceled upon any profit-taking or stop losses executed as normal. Open positions from the suspension period will remain active post-resumption, but traders who incurred losses or had profits decreased during that time will receive full compensation for the difference.

"Play it smart; close your positions pronto after we're back online!" KiloEx advises.

The compensation will be calculated based on the platform's resumption time, so prompt actions by traders are crucial to avoid discrepancies between their actual PnL (profit and loss) and the compensation amount.

Instructions for Hybrid Vault Stakers on KiloEx

The good news for Hybrid Vault Stakers is that their principal and rewards during the suspension period have remained untouched. KiloEx has successfully recovered and re-injected all stolen funds back into the Hybrid Vault.

As a token of gratitude, KiloEx has planned a Special Yield Boost Campaign for eligible stakers. Users will receive an additional 10% APY (annual percentage yield) on top of the base platform yield. The bonus yield will be paid out in USDT.

Instructions for KiloEx VIP Users

For this group of users affected by the hack, there will be a +1 level upgrade for VIP users excluding VIP7 members. All affected users, including VIP7, will also enjoy a 30-day VIP status protection period.

Interestingly, the VIP status was determined via a snapshot taken at the time of the KiloEx security incident.

Future Plans: After Audits and Consultation

In the aftermath of the attack, KiloEx teamed up with security partners to probe the breach and trace the stolen funds. Similar to the Zksync incident, KiloEx opted to launch a bounty program, enticing whitehat assistance in recovering user assets.

Finally, following thorough security audits by SlowMist and due diligence, KiloEx is all set to resume operations.

"Ready, set, comeback! After a comprehensive security audit by SlowMist, we're almost ready to reopen soon," the DEX shared.

Famed blockchain security firm SlowMist backed up the claim, updating the public on their role in resolving the KiloEx incident.

"Recently, SlowMist liaised with the attacker via on-chain messages, facilitating the recovery of $8.44 million in stolen funds," reads a message from the security firm.

On-chain messaging plays a pivotal role in incidents like these, underscoring its importance as a communication tool in blockchain ecosystems.

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Despite the exciting announcement about the resumption and compensation, KiloEx's native token, KILO, plunged by more than 5%. At the time of writing, the token could be purchased for $0.0425 on CoinGecko.

Notably, YZi Labs (formerly Binance Labs) incubated KiloEx, and the DEX initiated its token generation event (TGE) on March 27, in partnership with Binance Wallet and PancakeSwap.

Related Links:

KiloEx Announces Compensation Plan for Users Affected by Hack
Blockchain Platform KiloEx Takes a Huge Hit After $7 Million Hack
KiloEx Rescinds Legal Actions Against Hacker Following $7 Million Hack
How KiloEx and SlowMist Worked Together to Recover Stolen Funds

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KiloEx, the decentralized exchange, has announced a compensation plan for users affected by a recent hack, detailing specific guidelines for traders, Hybrid Vault stakers, and VIP users.
For traders, limit orders will be canceled upon profit-taking or stop losses executed after the platform's resumption, and they will receive full compensation for any losses or decreased profits during the suspension period.
Hybrid Vault Stakers on KiloEx can expect their principal and rewards to remain untouched during the suspension period, with the platform successfully recovering and re-injecting all stolen funds back into the Hybrid Vault.
As a token of gratitude, KiloEx has planned a Special Yield Boost Campaign for eligible stakers, offering an additional 10% APY on top of the base platform yield.
VIP users affected by the hack will receive a +1 level upgrade (excluding VIP7 members), and all affected users will enjoy a 30-day VIP status protection period.
KiloEx teamed up with security partners to probe the breach and trace the stolen funds, opting to launch a bounty program to encourage whitehat assistance in recovering user assets.
Following thorough security audits by SlowMist, KiloEx is set to resume operations, with the DEX sharing their excitement for a "comeback" after the comprehensive security audit.
Despite the planned resumption and compensation, KiloEx's native token, KILO, has plunged by more than 5%, currently trading for $0.0425 on CoinGecko.