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A critical flaw has been exposed in decentralized perpetual exchange KiloEx. On-chain analysis has revealed that a single attacker, using a serious exploit, siphoned off around $7 million in value by manipulating oracle prices. The attack, first noted by KiloEx’s Cyver alert system, caused operational issues across three separate chainsBNB Chain, Base, and Taiko. KiloExknown [...]
On a recent incident, KiloEx fell victim to an exploit where an attacker utilized a price oracle to steal a staggering $7.5 million in funds. The attack involved manipulating the price oracle to deceive the protocol into releasing the funds to the attacker’s address. This breach highlights the importance of security measures in decentralized finance [...]
The post KiloEx Announces Successful Containment of $7.5M Exploit on Decentralized Exchange appeared first on Crypto Breaking News.
Binance Labs invests in AltLayer, KiloEx, Kinza, and Sleepless AI in the MVB Program's sixth season, supporting DeFi, infrastructure, and Web3 gaming. (Read More)
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