A significant security incident has impacted KiloEX, a decentralized exchange (DEX). Reports indicate that attackers exploited the platform for around $7.5 million in a sophisticated manipulation of price oracles across BNB, Base and Taiko chains. This exploit involved manipulating liquidity on the platform. Initial information suggests an access control vulnerability within the price feed system may have contributed to the attack. ⚠️ $USDC tokens potentially impacted by this hack may be blacklisted for trading. Be cautious if you recently interacted with any $USDC. 🚨 The token price has dropped sharply -38% in the past 24 hours, prompting panic selling. KiloEX is actively working to recover stolen funds, collaborating with blockchain security firms including BNB Chain, Manta Network, Seal-911, SlowMist and Sherlock. Funds are reportedly being routed through zkBridge and Meson for further investigation. The recent $1.2 billion in DeFi theft this year underscores the importance of staying vigilant in a rapidly evolving landscape where heightened risk often exists beyond just leverage. Avoid using KiloEX until further updates from the platform’s developers. Please monitor any potential exposure to USDC and stay updated on the situation.