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