KiloEx announced a user compensation plan for the security incident, establishing a 10% additional yield activity for stake users.

CoinNetwork · 2025-04-26T18:04:33+00:00

KiloEx was attacked on April 14 and released a compensation plan for affected traders, Hybrid Vault stakers, and VIP users. The plan includes full compensation for affected trades, recovery of staked funds, and the initiation of additional revenue activities, as well as automatic upgrades for affected VIP user levels. The platform plans to resume operations at 13:00 UTC on April 24, and the compensation plan will take effect at that time.

CoinNetwork

2025-04-26 18:04:33

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The decentralized futures trading platform KiloEx was attacked between April 14, 18:27 and 19:40 UTC, affecting some users’ trading. KiloEx today released a detailed compensation plan for affected traders, Hybrid Vault stakers, and VIP users: Affected traders: Unfilled orders prior to the platform interruption will remain active, and full compensation will be provided for any additional losses or profits lost during the interruption. Hybrid Vault stakers: All stolen funds have been recovered and reinjected, and users’ principal and earnings are unaffected. The platform will launch a 30-day “Special Yield Boosting Event” after recovery, where eligible stakers will receive an additional 10% APY reward (disbursed in USDT). VIP users: Based on the snapshot at the time of the event, all affected VIP users will be automatically upgraded one level (except for VIP7) and enjoy a 30-day VIP status protection period. It is reported that the platform will resume operations at 13:00 UTC on April 24, and compensation and activities will also take effect from this time.

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