From Cointelegraph

April 24, 2025 4:05 am:

Decentralized exchange KiloEx plans to compensate traders and stakers for a $7.5 million exploit in April. Traders with open positions during the shutdown will receive full compensation for any losses. Stakers’ principal and earnings remain unaffected, with an additional 10% APY bonus for eligible stakers. KiloEx previously offered a 10% bounty to the hacker.

The KiloEx hacker exploited a price oracle vulnerability to inflate prices and gain more profit than they should have. After a post-mortem analysis, KiloEx confirmed the attacker exploited a permissionless function, opening a position at a low price and closing it at a higher price for illegitimate profit. The hacker returned the stolen funds after KiloEx threatened legal action.

Read more at Cointelegraph: DeFi platform KiloEx to compensate users impacted by $7.5M hack