KiloEx Suffers $7M Hack Across BNB Chain, Base, and Taiko
The hack affected operations across several blockchains, including BNB Chain, Base, and Taiko.
According to blockchain security firm Cyvers, the attacker funded the malicious address through Tornado Cash before executing the attack. Early investigations indicate the exploit stemmed from access control vulnerabilities within KiloExs price oracle, allowing manipulation of core contract functions.
Platform Suspends Operations, Launches Investigation
Following the breach, KiloEx immediately suspended platform operations and is now collaborating with major security and blockchain partners to trace the stolen funds and strengthen defenses. These partners include BNB Chain, Manta Network, Seal-911, SlowMist, and Sherlock.
We are actively collaborating with leading blockchain security partners to investigate the recent KiloEx Vault attack and trace the stolen assets, the team confirmed in a statement.
The platform also revealed it will launch a bounty program as part of its remediation efforts and pledged to release a full incident report soon.KiloEx is a Token Generation Event (TGE) project on Binance Wallet and has received backing from YZi Labs. It is also listed on Binance Alpha, a platform showcasing high-potential projects.
While the protocol works to recover from the breach, the incident once again underscores the ongoing security challenges faced by DeFi platformsparticularly those spanning multiple chains.
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Text source: Coindoo
