KiloEx Recovers $7 Million After Oracle Exploit, KILO Token Plummets

KiloEx has confirmed the recovery of $7 million in stolen funds following a price oracle exploit involving Base, opBNB, and BNB Chain assets. The platform’s commitment to user compensation ensures no losses for affected users. However, the incident resulted in a 78% decline in KILO token value due to market sentiment caused by security breaches. This highlights the vulnerability of DeFi platforms and raises questions about KiloEx’s security protocols.