Today's Top Crypto Headlines:

KiloEx Hack Refund Plan | ZKsync Recovers Stolen Tokens | KuCoin Launches in Thailand and more...

King Fatrick Gil Añasco
April 25, 2025

Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

KiloEx Hack Refund Plan: KiloEx will fully compensate users affected by a $7.5M oracle exploit, including bonuses for Hybrid Vault stakers.
ZKsync Recovers Stolen Tokens: ZKsync recovered $5.7M in stolen tokens after a hacker accepted a 10% bounty. The exploit involved unauthorized minting during an airdrop.
💡Feature of the Day - KuCoin Launches in Thailand: KuCoin rebranded ERX to KuCoin Thailand under Thai SEC licensing, entering a crowded market led by Bitkub. While crypto trading is legal, payments using crypto remain banned.

All this and more in today’s headlines!

📰 News Highlights:

KiloEx Hack Compensation [Source][Source][Source]

Decentralized exchange KiloEx will compensate users affected by a $7.5 million exploit stemming from a price oracle vulnerability.

The platform promises to fully reimburse traders whose profits were reduced or losses increased during the downtime.

Due to the security incident on April 14, 2025, where KiloEx was exploited by a hacker, some user activities were affected. We are now announcing resolution plans for traders, Hybrid Vault stakers, and VIP users.
Read the article for the details.
🧷medium.com/kiloex/kiloex-…
— KiloEx (@KiloEx_perp)
4:03 AM • Apr 24, 2025

Hybrid Vault stakers will receive their original funds back along with a 10% bonus APY.

Traders are urged to close their positions immediately after the platform resumes, as compensation will be based on that timing.

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ZKsync Token Recovery [Source][Source][Source][Source]

ZKsync has recovered nearly $5.7 million in stolen tokens after a hacker agreed to return 90% of the funds in exchange for a 10% bounty.

A message from ZKsync Security Council to the Hacker:
To resolve this matter amicably in the spirit of safe harbor, we are offering a 10% bounty for your cooperation if you return 90% of the funds involved in the exploit. Specifically:
1⃣ Sending 44,687,278.5988 ZK tokens to
— ZK Nation (@TheZKNation)
3:20 PM • Apr 21, 2025

The returned funds exceeded the original $5 million due to token price increases since the incident.

We’re pleased to share that the hacker has cooperated and returned the funds within the safe harbor deadline. As stated in the original Security Council message, the case is now considered resolved.
The assets are now in custody of the Security Council, and the decision on what
— ZK Nation (@TheZKNation)
6:27 PM • Apr 23, 2025

Transfers were made within the 72-hour safe harbor period set by ZKsync, and the security council has confirmed full recovery.

We’re pleased to share that the hacker has returned the funds within the safe harbor deadline.
— ZKsync (∎, ∆) (@zksync)
6:32 PM • Apr 23, 2025

💡 Feature of the Day:

KuCoin Expands to Thailand [Source]

KuCoin has launched a localized platform in Thailand, rebranding ERX Company Ltd to KuCoin Thailand and offering crypto trading services under a license from the Thai SEC.

ERX users have been migrated to the new platform, and the KuCoin TH app is now available.

😂 Crypto Meme of the Day:

Meme of the day provided by @CryptoTea_

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com