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KiloEx Vows to Reimburse Users After $7M Exploit—Because ’Trust Us’ Always Works in Crypto

KiloEx Vows to Reimburse Users After $7M Exploit—Because ’Trust Us’ Always Works in Crypto

Coindesk
Author:
Coindesk
Release Time:
2025-04-24 09:06:34
0

KiloEx to Compensate Users Impacted by $7M Attack

Another day, another DeFi bloodbath—but this time with a twist. KiloEx, the latest protocol to join the ’hacked club,’ promises full compensation for users after a $7 million attack drained its coffers.

How it happened: Yet another smart contract vulnerability turned into a free-for-all. Audits? Overrated. Security? Optional. But hey—at least they’re paying users back... assuming the refund smart contract doesn’t get exploited too.

The silver lining? At least it wasn’t an inside job—probably. Welcome to decentralized finance, where the risks are real but the yields are... also real (until they vanish).

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