Kiloex, a cryptocurrency exchange, has recently fallen victim to a significant hack, resulting in the loss of $7 million. The incident has raised alarms within the crypto community, especially as the market braces for potential volatility.

In a surprising turn of events, the hacker responsible for the breach has returned $5.5 million of the stolen funds, leaving many to speculate about the motivations behind this decision. The circumstances surrounding the hack and the subsequent return of funds have sparked discussions about security measures in the crypto space.

Moreover, Bitcoin is currently facing heightened volatility, with reports indicating that approximately 170,000 BTC have shifted from mid-term holders. This shift could indicate a potential market adjustment, as investors react to the evolving landscape of cryptocurrency security and market dynamics.

As the situation unfolds, traders and investors are advised to remain vigilant and stay updated on the latest developments regarding Kiloex and the broader cryptocurrency market.