Just two weeks after a major hack shut it down, crypto trading platform KiloEx is getting back on its feet — and they’re making things right for users who lost money.
Backed by YZi Labs, the platform was hacked on April 14, 2025, and around $7 million was stolen. Now, KiloEx says it’s ready to reopen, with a plan to refund users based on how they were affected.
How KiloEx Plans to Pay Users Back
KiloEx posted on X (Twitter) and explained how different users will be compensated — including regular traders, vault stakers, and VIP members.
For Traders:
If you had an open trade when the hack happened:
- Any limit orders you placed will be canceled.
- Take-profit and stop-loss settings will still work normally.
- If your trade lost more money or made less profit because of the pause, KiloEx will pay you back the difference.
- The platform says it’s best to close your trade as soon as it reopens, since payouts will be based on that time.
This isn’t the first time a crypto exchange has taken responsibility after a hack. For example, KuCoin was hacked in 2020 and refunded users after recovering most of the stolen funds.
For Hybrid Vault Stakers:
If you had money in KiloEx’s Hybrid Vault, it’s still there — your funds and profits weren’t affected.
But to thank users for staying loyal, KiloEx is offering a 10% extra reward in USDT when they relaunch.
This bonus move is similar to what Curve Finance did after its 2023 hack, where they also gave back user funds and added extra rewards to rebuild trust.
For VIP Users:
If you’re a VIP user:
- You’ll get a free level upgrade (unless you’re already at the highest level).
- All VIPs will also get 30 days of VIP status protection, no matter what level they are.
VIP levels are based on a snapshot taken right when the hack happened, so everything is fair and accurate.
Platform Reopening After Security Check
After the hack, KiloEx paused the platform and teamed up with cybersecurity experts like SlowMist to investigate.
Thanks to help from SlowMist, they managed to talk to the hacker using on-chain messages — and actually got back $8.44 million. That’s even more than what was taken.
Talking directly to hackers this way is becoming common. A similar case happened with Poly Network in 2021, where they recovered over $600 million by doing the same thing.
Token Still Down Despite Good News
Even though KiloEx is coming back and paying users back, their token KILO has dropped over 5% and is now trading at $0.0425, according to CoinGecko.
The crypto space is still risky. Just last year, hackers stole over $1.7 billion from different platforms. So, even with recovery plans, users are still cautious.
The post KiloEx Returns After $7M Hack, Promises Full Refunds to Users appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
