by: xpoolPosted on:

KiloEx Recovers $7.5 Million After Price Oracle Manipulation Exploit

A price oracle manipulation attack on KiloEx has resulted in the platform losing $7.5 million on April 14-15. However, the decentralized exchange platform collaborated with security firms like SlowMist and Blitezero to recover the funds, receiving assistance from Binance, which established an emergency response command center. The incident prompted discussions on best practices for securing DeFi protocols against similar vulnerabilities. KiloEx is now implementing a comprehensive security plan based on its post-incident review. 750,000 bounty was offered by the hacker who returned the funds, and they have vowed to resolve this matter transparently.

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