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1. Place Chex cereal in a large bowl and set aside.
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2. In a small microwave proof bowl, melt chocolate, Nutella and vanilla extract. Stir until smooth.
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3. Pour over cereal and gently fold until all cereal is coated.
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4. Dump into a large plastic bag and add powdered sugar and cocoa powder. Shake until coated. (Or you can use a large pot with a lid.)
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5. Dump onto cookie sheets to cool and add hazelnuts.