A significant $7 million hack targeting the decentralized finance platform KiloEx has exposed vulnerabilities across multiple chains. The attack impacted BNB, Base, and Taiko networks, highlighting recurring security risks in the DeFi sector. KiloEx confirmed the breach was caused by faulty smart contract protocols, allowing attackers to exploit these flaws and steal funds. The incident sparked concerns about the safety of decentralized platforms, fueling a debate on the reliability of current security measures within the cryptocurrency space. Experts are calling for urgent action, emphasizing the need for robust preventative security measures, increased regulatory scrutiny, and proactive community collaboration to address these ongoing risks.