Crypto News

KiloEX, the decentralized exchange (DEX) hit by a $7 million attack earlier this month, has revealed its resolution plans for affected users.Users whose positions remained open during the platform suspension will be compensated for the difference on increased losses or decreased profits, KiloEX said on Thursday.Compensation will only be calculated up to the point the platform resumes, so users are advised to close their positions as soon as possible thereafter.The KiloEx attacker, using a wallet funded by crypto laundering service Tornado Cash, appeared to exploit a vulnerability in the platform's price oracle system.Source link

Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives andSource link

ZKsync said $5 million worth of tokens stolen during an admin wallet hack last week have been returned and the case is now considered resolved.The layer-2 blockchain protocol saw a hacker compromise its admin wallet, leading to the theft of unclaimed tokens from the ZKsync airdrop.In a post on X, the project said the hacker cooperated with the team and returned the funds within the “safe harbor” deadline — a grace period commonly offered in security incidents to incentivize returns without legal consequence. The cooperation means the hacker took a 10% bounty.The tokens are now in custody of the ZKsync Security Council and a governance process will determine what to do with them. A final investigation report is being prepared...

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Dubai’s crypto regulator has issued an alert, warning of firms falsely claiming to be part of the city’s high-profile real estate tokenization pilot, saying that such misrepresentation may violate the emirate’s virtual asset laws.The Virtual Assets Regulatory Authority (VARA), in coordination with the Dubai Land Department (DLD), said on Tuesday that several entities have improperly suggested they are participating in the DLD’s blockchain-based property title deed initiative, which launched as a limited pilot on March 19.“No entities beyond those explicitly approved by DLD and VARA are authorised to participate,” the regulator said. “Any entity promoting their involvement in the project without formal confirmation… is misrepresenting their status.”VARA did not name any firms in the release.The tokenization initiative could account for...