kiloex

The decentralized finance (DeFi) ecosystem is quickly evolving. As it expanded, we began to witness greater examination and, unfortunately, a rise in potential security danger. Just last week, KiloEx, a decentralized exchange, was taken for over a million dollars in a major exploit. What makes this event particularly noteworthy is...

KiloEx dodged a bullet. Whew, $7.5 million swiped, then returned after a bounty offer from the government. Happy ending, right? I'm not so sure. Unfortunately, this issue is not limited to KiloEx. It’s a bright red alarm that exposes systemic flaws in our current implementation of DeFi. It should be...

In a surprising turn of events, the hacker responsible for the $7.5 million theft from decentralized exchange KiloEx has returned the full amount. KiloEx has presented a tempting challenge. To that end, they are offering a 10% “white hat” bounty to the person(s) who can return 90% or more of...

Sarah, a single mom, suddenly finds herself spending hours researching DeFi platforms. She’s duly encouraged by the prospect of earning better yields than her old savings account. She plows all of her life savings into KiloEx. She wants to create a nest egg for her daughter to help pay for...

KiloEx, a decentralized finance (DeFi) platform, released details of a massive compensation scheme. We welcome this plan and its efforts to protect users affected by the recent security breach. The platform is focused on reimbursing the users who lost money in the exploit. Simultaneously, it is putting into place extensive...

The KiloEx hack. The KILO token's precipitous fall. Trading frozen. We've seen this movie before, haven't we? This time, there's a twist: a seemingly proactive compensation plan. Is KiloEx really ushering in a new era of honesty and accountability to DeFi security, or is this just damage control that’s been...

"I lost everything." That’s what Sarah, a single mom from Ohio, said to me after the KiloEx hack. She’d invested her life savings, intending to create a more promising future for her children. Now, that future seemed a million miles away. Sarah’s story isn't unique. It's the human face behind...

Greetings from MetaBlock X — your cutting-edge in the crypto frontier. MetaBlockX.com provides you with accuracy-focused price predictions and live Bitcoin updates. Armed with intelligent staking perspectives and fundamental security best practices, you’re ready to seize opportunities in the digital asset environment. This article today explores this recent KiloEx hack....

After all, DeFi is touted as the future of finance, or so they say. Transparent, decentralized, and accessible to all. Let’s face it, sometimes it feels like the Wild West. Rather than newfangled stagecoach robberies a la 1890s, we’re talking about $7.5 million scams. The recent KiloEx hack, while ultimately...

On April 24, KiloEx, a decentralized finance (DeFi) platform, made a public statement that it would reimburse traders and stakers. This decision follows a $7.5 million exploit that prompted the platform to briefly go offline earlier in April. Bonus rewards for Stakers Along with giving full refunds to traders, the...