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KiloEx’s $7.5M Hack: A Wake-Up Call for DeFi Security and Oracle Integrity
How a single vulnerability exposed the critical need for holistic audits and relentless vigilance in decentralized finance.
KiloEx’s recent $7.5 million hack is a stark wake-up call for the DeFi world, underscoring how even multi-chain, audited projects can fall victim to basic security oversights.
The attacker exploited a glaring vulnerability in KiloEx’s price oracle access control essentially walking through an unlocked front door manipulating prices across multiple chains to drain funds with surgical precision.
Despite five audits since mid-2023, including one just last March, the critical flaw lay “out of scope” of those reviews, revealing a troubling gap between audit coverage and real-world security needs.
This exploit highlights that no amount of multi-chain deployment or fancy tech can substitute for rigorous, end-to-end security checks, especially on core components like oracles that feed trading logic.
KiloEx’s response has been swift and transparent they suspended trading immediately, engaged top security firms like SlowMist for a comprehensive 45-day audit, and are collaborating with law enforcement in Hong Kong to trace and recover funds.
Their plan to compensate users based on pre-attack price snapshots aims to restore trust, but the incident raises broader questions about how DeFi protocols balance innovation with security.
For the crypto community, this serves as a critical lesson: security audits must be holistic, covering every contract and interaction vector, not just the obvious ones. Protocols must prioritize access control and oracle integrity above all else because in DeFi’s high-stakes arena, a single weak link can cascade into multi-million dollar losses.
As KiloEx works through its audit and prepares to relaunch, the industry should watch closely. This episode is a vivid reminder that the promise of decentralized finance depends on relentless vigilance, continuous improvement, and the hard-earned wisdom that security is never finished—it’s a journey.
#KiloEx #DeFiHack #OracleExploit
$XRP
$RIF
$SOL
KiloEx’s recent $7.5 million hack is a stark wake-up call for the DeFi world, underscoring how even multi-chain, audited projects can fall victim to basic security oversights.
The attacker exploited a glaring vulnerability in KiloEx’s price oracle access control essentially walking through an unlocked front door manipulating prices across multiple chains to drain funds with surgical precision.
Despite five audits since mid-2023, including one just last March, the critical flaw lay “out of scope” of those reviews, revealing a troubling gap between audit coverage and real-world security needs.
This exploit highlights that no amount of multi-chain deployment or fancy tech can substitute for rigorous, end-to-end security checks, especially on core components like oracles that feed trading logic.
KiloEx’s response has been swift and transparent they suspended trading immediately, engaged top security firms like SlowMist for a comprehensive 45-day audit, and are collaborating with law enforcement in Hong Kong to trace and recover funds.
Their plan to compensate users based on pre-attack price snapshots aims to restore trust, but the incident raises broader questions about how DeFi protocols balance innovation with security.
For the crypto community, this serves as a critical lesson: security audits must be holistic, covering every contract and interaction vector, not just the obvious ones. Protocols must prioritize access control and oracle integrity above all else because in DeFi’s high-stakes arena, a single weak link can cascade into multi-million dollar losses.
As KiloEx works through its audit and prepares to relaunch, the industry should watch closely. This episode is a vivid reminder that the promise of decentralized finance depends on relentless vigilance, continuous improvement, and the hard-earned wisdom that security is never finished—it’s a journey.
#KiloEx #DeFiHack #OracleExploit
$XRP
$RIF
$SOL
🚨【KiloEx to Hacker: Return Funds, Get 10% Bounty】
On April 15, KiloEx said it has traced key clues with help from law enforcement, CEXs & bridges — and is actively monitoring addresses.
🛑 An offer to the attacker:
⚠️ Return 90% of stolen funds within 72 hours
💰 Keep 10% as a white hat bounty
📢 If agreed, KiloEx will issue a statement of cooperation and drop further action.
The DEX previously lost ~$7.5M in a major exploit.
#KiloEx #DeFiHack #BlockchainSecurity
On April 15, KiloEx said it has traced key clues with help from law enforcement, CEXs & bridges — and is actively monitoring addresses.
🛑 An offer to the attacker:
⚠️ Return 90% of stolen funds within 72 hours
💰 Keep 10% as a white hat bounty
📢 If agreed, KiloEx will issue a statement of cooperation and drop further action.
The DEX previously lost ~$7.5M in a major exploit.
#KiloEx #DeFiHack #BlockchainSecurity
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DeFi hack drains US$ 1 billion in largest attack in history
A sophisticated attack on an unknown DeFi platform resulted in the loss of US$ 1 billion in assets, exposing persistent vulnerabilities in the sector and generating widespread panic.
#DeFiHack #CryptoSecurity $AVAX
A sophisticated attack on an unknown DeFi platform resulted in the loss of US$ 1 billion in assets, exposing persistent vulnerabilities in the sector and generating widespread panic.
#DeFiHack #CryptoSecurity $AVAX
KiloEx, a newly launched multi-chain DeFi platform, has been hacked, resulting in a loss of approximately $7 million. The attack began on April 14 and affected BNB Smart Chain, Base, and Taiko. The hacker used Tornado Cash to launder funds and exploited an access control vulnerability in the price oracle system. The KILO token dropped 30%, with market cap falling from $11 million to $7.5 million. KiloEx has suspended operations, is working with investigators, and launched a bounty program to help trace stolen funds and resolve the breach.
#KiloEx #DeFiHack #CrossChainExploit #Web3 #BinanceChain
#KiloEx #DeFiHack #CrossChainExploit #Web3 #BinanceChain
🚨 Infini Hack: $49.5M Stolen, Founder Promises Full Compensation! 🔥
Infini’s founder, Christian, broke the silence on February 24th, addressing the massive $49.5 million hack. 😱💰 The team is actively investigating, tracking the stolen funds, and has resumed user withdrawals. In the worst-case scenario, they promise full compensation to affected users.
🔎 What This Means for the Market:
⚠️ Security Concerns – Will this push DeFi platforms to strengthen security? 🔐
📉 Market Impact – Could this shake investor confidence in similar platforms?
✅ Compensation Plan – Will Infini’s response restore trust?
With hacks on the rise, should crypto projects prioritize security over growth? What’s your take? 💬 Share your thoughts below! 👇
#InfiniHacked #CryptoSecurityAlert #DeFiHack #CryptoNewss #BinanceSquareFamily
Infini’s founder, Christian, broke the silence on February 24th, addressing the massive $49.5 million hack. 😱💰 The team is actively investigating, tracking the stolen funds, and has resumed user withdrawals. In the worst-case scenario, they promise full compensation to affected users.
🔎 What This Means for the Market:
⚠️ Security Concerns – Will this push DeFi platforms to strengthen security? 🔐
📉 Market Impact – Could this shake investor confidence in similar platforms?
✅ Compensation Plan – Will Infini’s response restore trust?
With hacks on the rise, should crypto projects prioritize security over growth? What’s your take? 💬 Share your thoughts below! 👇
#InfiniHacked #CryptoSecurityAlert #DeFiHack #CryptoNewss #BinanceSquareFamily
BREAKING: KiloEx Hit by $7.4M Security Breach! 🚨💸
Another DeFi Hack Rocks the Space
According to Odaily, smart contract platform KiloEx has suffered a massive $7.4 million exploit, affecting assets on BNB Chain and Base.
What Happened?
Hackers breached KiloEx’s contracts, draining funds across multiple chains. The attack highlights yet another case of vulnerabilities in DeFi infrastructure.
Chains Affected:
BNB Chain 🔶
Base 🧊
Key Takeaways:
⚠️ $7.4M stolen
🌐 Multi-chain impact
🔐 Ongoing security concerns in DeFi
No official statement from KiloEx yet, but the crypto community is watching closely.
BNB Price Update:
BNB is currently trading around $587.63 with moderate movement. No major shock (yet), but sentiment could shift if more details surface.
Stay Safe, Fam:
If you're holding funds on smart contract platforms, double-check your exposure and stay updated.
---
DeFi is powerful — but security is everything.
Let’s hope KiloEx can recover and reinforce its systems.
#KiloEx #DeFiHack #CryptoSecurity #BNBChain #BaseChain
Another DeFi Hack Rocks the Space
According to Odaily, smart contract platform KiloEx has suffered a massive $7.4 million exploit, affecting assets on BNB Chain and Base.
What Happened?
Hackers breached KiloEx’s contracts, draining funds across multiple chains. The attack highlights yet another case of vulnerabilities in DeFi infrastructure.
Chains Affected:
BNB Chain 🔶
Base 🧊
Key Takeaways:
⚠️ $7.4M stolen
🌐 Multi-chain impact
🔐 Ongoing security concerns in DeFi
No official statement from KiloEx yet, but the crypto community is watching closely.
BNB Price Update:
BNB is currently trading around $587.63 with moderate movement. No major shock (yet), but sentiment could shift if more details surface.
Stay Safe, Fam:
If you're holding funds on smart contract platforms, double-check your exposure and stay updated.
---
DeFi is powerful — but security is everything.
Let’s hope KiloEx can recover and reinforce its systems.
#KiloEx #DeFiHack #CryptoSecurity #BNBChain #BaseChain
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