DEX KiloEx reveals decision plan for users affected by $ 7m attack

Kiloex, the decentralized exchange (DEX) hit by an attack of $ 7 million earlier this month, has revealed its decision -making plans for affected users.

Users whose positions remained open under platform suspension will be compensated for the difference in increased losses or reduced profits, Kiloex said on Thursday.

Compensation is calculated only to the point that the platform is resumed so that users are advised to close their positions as soon as possible thereafter.

The Kiloex striker using a wallet funded by Crypto Laundering Service Tornado Cash, seemed to take advantage of a vulnerability in the platform’s price oracle system.

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