by: xpoolPosted on:

KiloEx Hacker Steals $7 Million, DeFi Security Under Fire

A recent cyberattack has left a prominent cryptocurrency platform, KiloEx, facing a major loss of over $7 million. The incident highlights the growing vulnerability in cross-chain platforms and raises concerns about the future of decentralized finance (DeFi). The attack on the newly launched platform affected three different blockchain networks: BNB Smart Chain, Base, and Taiko. According to cybersecurity firm Cyvers, hackers exploited a price oracle vulnerability within KiloEx’s platform, transferring funds from their wallet through Tornado Cash before executing price manipulation activities.

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