KiloEx Platform Suspended After Cross-Chain Exploit: Security Breach Leads to $7 Million Loss

The KiloEx platform has been suspended following a significant cross-chain security breach that resulted in an estimated $7.4 million loss. The attack impacted the Ethereum and USDC tokens, triggering a rapid decline in KILO’s market value and impacting both investors and the wider DeFi community. 0x00fac92881556a90fdb19eae9f23640b95b4bcbd is the confirmed wallet address used for the exploit. The KiloEx team has begun a security review, urging all involved partners and protocols to remain vigilant in preventing similar incidents.