KiloEx DEX Halted After $7 Million Exploit

On Tuesday, KiloEx, a decentralized exchange (DEX), suspended operations following a security breach. The sophisticated attack resulted in approximately $7 million in losses across multiple blockchain networks.

The exploit originated from a vulnerability within the platform's price oracle system. The Base, BNB Chain, and Taiko networks were all affected by the incident.

The attacker manipulated asset prices using a wallet funded through Tornado Cash. KiloEx is currently working with partners to trace the stolen funds and blacklist the attacker's wallet to prevent further damage.