KILOEX

KiloEx just learned the hard way that fancy multi-chain deployments don't protect you from basic security flaws.

Their multi-chain perpetual protocol lost almost $7.5 million after an attacker slid into their oracle's code with a wallet funded through Tornado Cash.

One minute you're celebrating your Binance backing, the next you're begging a faceless hacker to accept a 10% bounty and return your users' funds.

While the team was busy expanding across Base, BNB Chain, and Taiko, they somehow missed the gaping hole in their oracle implementation that practically screamed "rob me."

The attacker didn't need some novel zero-day exploit - just the digital equivalent of walking through an unlocked front door.

When will protocols learn that having "Kilo" in your name doesn't automatically give you the heavyweight security needed in DeFi's bloodsport arena?

Price manipulation? More like price annihilation.

Security engineer Chaofan Shou sounded the first alarm on April 14th - "KiloEx_perp is hacked. $6M+ loss already. Likely due to price oracle access control issues."

Minutes later, Shou confirmed the fatal flaw - "Anyone can change Kilo's price oracle."

Twenty minutes after Shou's alert, Cyvers Alerts confirmed the bloodbath - "$7M HACK ALERT" across multiple chains.

The attack had already metastasized from BNB to Base to Taiko, funds draining like a punctured artery.

KiloEx acknowledged the security incident hours later, suspending platform usage and working with security partners to trace the flow of funds.

Ready to measure just how lightweight KiloEx's security really was?