KiloExHack
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Binance News: Binance Helps Recover $6.1M in Stolen Funds After KiloEx Exploit
AI Summary
90% of Stolen Crypto Recovered Through Rapid Response and Cross-Chain Coordination
Binance announced today that it successfully helped trace, block, and recover approximately $6.1 million worth of crypto assets following the recent exploit targeting decentralized exchange platform KiloEx.
#BinanceNews #CryptoNews #KiloEXHack
$BNB $BTC
AI Summary
90% of Stolen Crypto Recovered Through Rapid Response and Cross-Chain Coordination
Binance announced today that it successfully helped trace, block, and recover approximately $6.1 million worth of crypto assets following the recent exploit targeting decentralized exchange platform KiloEx.
#BinanceNews #CryptoNews #KiloEXHack
$BNB $BTC
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Price/Amount
95,030.1/0.00015
KiloEx Suffers $7.5M Hack: Another Major Blow to Crypto Security in 2025
In a significant security breach, decentralized derivatives platform KiloEx has reported a loss of $7.5 million due to a sophisticated hack. This incident adds to the growing list of crypto platforms targeted by cybercriminals in 2025.
The Breach Unfolded
Date of Incident: April 14, 2025Detection: Blockchain analysis firm Cyver identified suspicious transactions involving the KiloEx_perp protocol across multiple chains.Exploited Chains: BNB, Base, and TaikoMethod: The attacker utilized an address funded via TornadoCash to drain funds through coordinated exploitative transactions.Confirmation: KiloEx officially acknowledged the breach on April 15, 2025, confirming their vault had been compromised.
Immediate Response Measures
Public Disclosure: KiloEx shared the attacker's wallet address, 0x00fac92881556a90fdb19eae9f23640b95b4bcbd, urging partner platforms to block the rogue account.Collaboration: The stolen funds were traced through zkbBridge and Meson, with both protocols working closely with KiloEx to restrict the attacker's movements.Bounty Program: KiloEx launched a bounty initiative aimed at recovering the stolen assets.
KiloEx's Market Standing
Total Trading Volume: $38 billionIntraday Volume: $106 millionOpen Interest: $6 million
Given its substantial market presence, the halt in services represents a significant disruption to the decentralized derivatives sector.
Industry-Wide Implications
The KiloEx hack is part of a troubling trend in 2025:
Total Losses: Over $2 billion has been lost to crypto hacks so far this year.Q1 Losses: $1.78 billion vanished from the market.lOther Affected Platforms: Bybit, Ads Power, Phemex, and Moby have also suffered significant breaches.Bybit Hack: Resulted in a $1.5 billion loss.
These incidents underscore the urgent need for enhanced security measures and regulatory frameworks within the crypto industry.
Market Sentiment
Total Market Capitalization: $2.07 trillion, with a modest 0.83% daily gain.Bitcoin Price: Trading at $85,457, up 1.08% intraday and nearly 7.5% for the week.Crypto Fear and Greed Index: Stands at a cautious 31, indicating growing apprehension among investors.
Conclusion
The KiloEx breach highlights the persistent vulnerabilities in the crypto ecosystem. As the industry continues to evolve, prioritizing security and establishing robust regulatory measures will be crucial in maintaining investor confidence and ensuring sustainable growth.
#KiloExHack #CryptoSecurity #DeFiRisks
💡Stay Informed: Don’t miss out! Follow BTCRead on Binance Square for the latest updates and more.✅🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
The Breach Unfolded
Date of Incident: April 14, 2025Detection: Blockchain analysis firm Cyver identified suspicious transactions involving the KiloEx_perp protocol across multiple chains.Exploited Chains: BNB, Base, and TaikoMethod: The attacker utilized an address funded via TornadoCash to drain funds through coordinated exploitative transactions.Confirmation: KiloEx officially acknowledged the breach on April 15, 2025, confirming their vault had been compromised.
Immediate Response Measures
Public Disclosure: KiloEx shared the attacker's wallet address, 0x00fac92881556a90fdb19eae9f23640b95b4bcbd, urging partner platforms to block the rogue account.Collaboration: The stolen funds were traced through zkbBridge and Meson, with both protocols working closely with KiloEx to restrict the attacker's movements.Bounty Program: KiloEx launched a bounty initiative aimed at recovering the stolen assets.
KiloEx's Market Standing
Total Trading Volume: $38 billionIntraday Volume: $106 millionOpen Interest: $6 million
Given its substantial market presence, the halt in services represents a significant disruption to the decentralized derivatives sector.
Industry-Wide Implications
The KiloEx hack is part of a troubling trend in 2025:
Total Losses: Over $2 billion has been lost to crypto hacks so far this year.Q1 Losses: $1.78 billion vanished from the market.lOther Affected Platforms: Bybit, Ads Power, Phemex, and Moby have also suffered significant breaches.Bybit Hack: Resulted in a $1.5 billion loss.
These incidents underscore the urgent need for enhanced security measures and regulatory frameworks within the crypto industry.
Market Sentiment
Total Market Capitalization: $2.07 trillion, with a modest 0.83% daily gain.Bitcoin Price: Trading at $85,457, up 1.08% intraday and nearly 7.5% for the week.Crypto Fear and Greed Index: Stands at a cautious 31, indicating growing apprehension among investors.
Conclusion
The KiloEx breach highlights the persistent vulnerabilities in the crypto ecosystem. As the industry continues to evolve, prioritizing security and establishing robust regulatory measures will be crucial in maintaining investor confidence and ensuring sustainable growth.
#KiloExHack #CryptoSecurity #DeFiRisks
💡Stay Informed: Don’t miss out! Follow BTCRead on Binance Square for the latest updates and more.✅🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
🚨🚨 #KiloEXHack 🚨🚨
🚨 UPDATE: KiloEX Hit by $7.5M Exploit — Platform Suspended, Funds on the Move
Another day, another DeFi exploit. This time, decentralized derivatives platform KiloEX has fallen victim to a massive $7.5 million hack, prompting it to immediately suspend all platform activity and begin tracing the stolen funds.
---
🔍 What Happened?
The exploit was reportedly tied to a price oracle vulnerability, which allowed the attacker to manipulate market prices and pull out funds across multiple networks.
Funds are already on the move, being routed through zkBridge and Meson — cross-chain tools often used to obscure asset trails.
---
💻 A Coordinated Investigation Is Underway
The KiloEX team isn’t going at it alone. They’re teaming up with:
BNB Chain & Manta Network (layer-1 networks)
Cybersecurity firms: Seal-911, SlowMist, and Sherlock
Together, they’re trying to identify the attacker, trace the funds, and lock things down.
They’ve also published the attacker’s wallet addresses and are calling on the wider crypto community to help blacklist and monitor any suspicious transfers.
---
📉 Impact So Far
KiloEX's native token $KILO dropped over 27% after the news broke — now trading around $0.035.
The losses span multiple chains:
• ~$3.3M on Base
• ~$3.1M on opBNB
• ~$1M on BSC
---
🛠 What’s Next?
KiloEX is planning to launch a bug bounty program — basically offering a reward for info that helps recover the funds.
A full post-mortem report will be shared soon to explain what went wrong and how they’ll prevent this in the future.
---
📢 Final Word
This attack is another wake-up call for DeFi platforms: oracle manipulation is still a major threat. It also shows just how fast attackers can exploit multi-chain infrastructure and vanish through bridges.
🚨 UPDATE: KiloEX Hit by $7.5M Exploit — Platform Suspended, Funds on the Move
Another day, another DeFi exploit. This time, decentralized derivatives platform KiloEX has fallen victim to a massive $7.5 million hack, prompting it to immediately suspend all platform activity and begin tracing the stolen funds.
---
🔍 What Happened?
The exploit was reportedly tied to a price oracle vulnerability, which allowed the attacker to manipulate market prices and pull out funds across multiple networks.
Funds are already on the move, being routed through zkBridge and Meson — cross-chain tools often used to obscure asset trails.
---
💻 A Coordinated Investigation Is Underway
The KiloEX team isn’t going at it alone. They’re teaming up with:
BNB Chain & Manta Network (layer-1 networks)
Cybersecurity firms: Seal-911, SlowMist, and Sherlock
Together, they’re trying to identify the attacker, trace the funds, and lock things down.
They’ve also published the attacker’s wallet addresses and are calling on the wider crypto community to help blacklist and monitor any suspicious transfers.
---
📉 Impact So Far
KiloEX's native token $KILO dropped over 27% after the news broke — now trading around $0.035.
The losses span multiple chains:
• ~$3.3M on Base
• ~$3.1M on opBNB
• ~$1M on BSC
---
🛠 What’s Next?
KiloEX is planning to launch a bug bounty program — basically offering a reward for info that helps recover the funds.
A full post-mortem report will be shared soon to explain what went wrong and how they’ll prevent this in the future.
---
📢 Final Word
This attack is another wake-up call for DeFi platforms: oracle manipulation is still a major threat. It also shows just how fast attackers can exploit multi-chain infrastructure and vanish through bridges.
🚨 UPDATE: Kiloex has successfully recovered all stolen funds from the recent breach.
Legal proceedings are in motion, and all impacted users have been fully reimbursed.
#KiloEx #KiloEXHack
Legal proceedings are in motion, and all impacted users have been fully reimbursed.
#KiloEx #KiloEXHack
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