KiloEx's KILO Token Surges as Funds Recovered Swiftly After ‘Sophisticated’ Hack

April 21, 2025

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KiloEx, a decentralized exchange (DEX) for trading perpetual futures, said Friday it recovered all of its hacked funds after a sophisticated attack this week left users reeling with losses of around $7 million.The DEX is working to close the legal process of recovering the funds and is awarding 10% of the recovered amount as a bounty to the white hat hacker who was involved in the process. “The legal process to formally close the case is now underway, in coordination with judicial authorities, our legal team, and third-party experts (special thanks to @SlowMist_Team@blitezero, who have extensive experience in such matters),” KiloEx said in a social media post on Friday. KiloEx's native token KILO surged more than 14% in 24 hours on the recovery news, while the broader market gauge CoinDesk 20 Index remained flat on Friday.

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Source: www.coindesk.com
Published: April 18, 2025

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