🚨🚨 #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.

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🔍 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.

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💻 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.

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📉 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

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🛠 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.

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📢 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.