KiloEx Addresses Security Breach and Initiates Recovery Efforts

According to PANews, KiloEx announced on the X platform that its treasury has been compromised, urging all partner agreements and platforms to blacklist the affected address to prevent further malicious activities. The vulnerability has been contained, and the team has immediately suspended platform operations while collaborating with security partners to trace the flow of funds. A bounty program will be launched, and the team is analyzing the attack vectors and impacted assets. KiloEx is working with ecosystem partners to track and recover the funds as much as possible. A comprehensive report is being prepared and will be shared with the community in the coming days. Previously, it was reported that KiloEx suffered a hacking attack, with the total amount involved estimated at approximately $7 million.