The decentralized finance (DeFi) ecosystem is an exciting, but risky, landscape. And while hacks and exploits are all too real still these days, KiloEx’s story comes with a positive twist. This article goes deep into KiloEx hack. It looks in-depth at the mechanics, charts Kilo’s remarkable recovery journey and analyzes...
KiloEx, a decentralized exchange (DEX) catering primarily to perpetual futures trading, recently suffered a well-planned exploit. They have all been able to recover all the stolen *money*. The recovery announcement triggered a colossal pump in KiloEx’s native token, KILO. It shot up more than 14% in less than 24 hours!...
The announcement that KiloEx has indeed managed to recover all $7 million stolen in a recent hack would be welcome news under any circumstances. KILO token surged. White hats are getting paid. A happy ending, right? Wrong. Though the recovery has been successfully accomplished, heralding it as a glorious triumph...