Binance-backed DEX KiloEX suspends operations following 7.5 million USD exploit

Following the exploit, KiloEX has paused operations. The exchange, supported by Binance, aims to trace the lost funds and has set up a bounty program for further information on the incident.

KiloEX may consider legal proceedings against the attackers if they do not return the stolen assets. The exchange is also preparing to share detailed incident reports with users soon.

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