KiloEx Hack: $7 Million Stolen Across BNB, Base, and Taiko Chains

A recent DeFi hack targeting KiloEx, a new perpetual trading platform backed by prominent names like Binance Wallet and PancakeSwap, has sent shockwaves through the crypto community. The attack saw approximately $7 million drained across multiple chains including BNB Smart Chain, Base, and Taiko, raising concerns about cross-chain security. blockchain security firm Cyvers reports that the attacker utilized a wallet funded via Tornado Cash to carry out a series of strategic transactions, exploiting price oracle vulnerabilities. This allowed them to manipulate asset prices for quick siphoning of funds.