🚨KiloEx DEX Exploit: Key Developments & Timeline

#KiloEx , a perpetuals-focused DEX recently launched with backing from YZi Labs (formerly Binance Labs), was exploited on April 14 via a price oracle vulnerability across BNB Chain, Base, and Taiko.
Here's a breakdown of the unfolding events👇

1️⃣Attack Vector
🔍According to @Cyvers_Alert & @PeckShield, the attacker exploited poor oracle access controls.
They manipulated ETH/USD to buy at $100, then exit at $10,000—netting $ 3 M+ in one move.

2️⃣Execution
Funded via Tornado Cash
Used wallet: 0x00fac...bcbd
Chains hit: BNB, Base, Taiko
Drained vaults by targeting cross-chain price feed inconsistencies.

3️⃣Aftermath
All platform operations halted
Exploit contained, confirmed by KiloEx
~$7.5M stolen, mostly in USDC & ETH
Stolen funds routed via zkBridge & Meson

4️⃣Investigation & Response
Collaborating with: @BNBChain, @MantaNetwork
Cybersecurity firms: @Seal_911, @SlowMist_Team, @sherlockdefi
Bug bounty program launched
Full post-mortem in progress

5️⃣Current Status
Exploit is no longer active
Attacker's wallet blacklisted
Tracing & recovery underway

This incident highlights ongoing security challenges in multi-chain DeFi, particularly in oracle infrastructure. #cryptohacks