KiloEx Hack Leads to $7.5 Million Loss, KILO Token Plummets

A significant security breach at the decentralized exchange (DEX) KiloEx has resulted in a $7.5 million loss. The exploit was caused by an issue with the platform’s price oracle system, allowing attackers to manipulate ETH/USD pricing for their own benefit. This led to a drastic plunge in KILO token value, dropping over 30%. KiloEx has halted operations and is working with cybersecurity firms to investigate the incident and recover stolen funds. )