Less than two weeks after KiloEx faced a hacking incident that led to its suspension, the platform is making a return and has devised a plan to compensate those affected by the breach.
KiloEx's resilience is evident in its comeback despite the persistent threat posed by malicious actors in the cryptocurrency sector.
The decentralized exchange shared the compensation details through a post on Twitter, promising resolution for traders, Hybrid Vault stakers, and VIP users impacted by the security breach on April 14, 2025.
Traders will have their limit orders canceled, take profit and stop losses executed normally. Those with active positions during the suspension will remain so upon the platform's reopening, and those who suffered losses or reduced profits due to the suspension will be fully reimbursed.
Hybrid Vault stakers will maintain their principal and earnings from the period of suspension and will receive additional incentives through a Special Yield Boost Campaign once the platform resumes.
KiloEx VIP users affected by the $7 million hack will see an upgrade in their VIP level, except for VIP7 users, and all impacted users will receive a 30-day VIP status protection period.
The resumption of KiloEx's services follows audits and consultations after the breach occurred. The platform collaborated with security partners to investigate the attack and recover stolen funds, using strategies like bounty programs to assist in asset recovery.
Security firm SlowMist confirmed its involvement in resolving the incident and facilitating the recovery of $8.44 million in stolen funds through on-chain messaging, emphasizing the importance of this communication method in blockchain incidents.
Despite the positive developments regarding the platform's return and compensation plans, KiloEx's native token, KILO, has experienced a decline of over 5%. The token was trading at $0.0425 according to CoinGecko data.
KiloEx, incubated by YZi Labs (formerly Binance Labs), conducted its token generation event in partnership with Binance Wallet and PancakeSwap on March 27.