CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
cryptonews 2025-04-15 04:21:51

Decentralized Exchange KiloEX Freezes Platform Following $7.5M Exploit

Decentralized exchange KiloEX suspended its platform Tuesday after hackers drained $7.5m, marking the latest security breach in the area of decentralized finance . In an announcement on April 14 via X, KiloEX confirmed it had halted operations immediately after detecting the exploit. The team said it contained the breach and launched an investigation alongside leading blockchain security companies. “The exploit has been contained. The team has immediately suspended platform usage and is working with security partners to trace the flow of funds,” the statement read. The exchange added it would soon launch a bounty program, offering rewards for assistance in recovering stolen assets. Security Incident Announcement: KiloEx Vault Exploit Dear KiloEx Community, We regret to inform you that the KiloEx Vault has been exploited. The attacker’s wallet address is: 0x00fac92881556a90fdb19eae9f23640b95b4bcbd We urge all partner protocols and platforms to… — KiloEx (@KiloEx_perp) April 14, 2025 PeckShield Reveals Price Manipulation Behind $7.5m KiloEX Attack Blockchain security firm PeckShield provided a breakdown of the exploit, detailing how attackers siphoned approximately $3.3m on BASE, $3.1m on opBNB, and an additional $1m on BSC. According to PeckShield’s analysis, a flaw in the price oracle allowed the hacker to manipulate ETH/USD prices dramatically. The attacker opened a new position with ETH priced at 100 dollars, then immediately closed it with an artificially inflated value of 10,000 dollars, securing a $3.12m profit in one transaction alone. The @KiloEx_perp protocol was hacked today with a loss of ~7.5m ($3.3m in base, $3.1m in opBNB, $1m in BSC). The protocol is now paused! Our initial analysis on one exploit tx indicates a price oracle issue. And the hacker exploits it to create a new position with initial given… — PeckShield Inc. (@peckshield) April 14, 2025 Collaborative Efforts Underway to Minimize Damage from Exploit KiloEX said it has enlisted the support of blockchain networks and security experts. These include BNB Chain, Manta Network, Seal-911, SlowMist and Sherlock. Together, they are tracing and recovering stolen funds to minimize impact on users. In the aftermath of this incident, investor confidence sharply declined. The price of KiloEX’s native token, Kilo, fell more than 31% to $0.0353, according to data from CoinGecko. The token has lost over 78 per cent of its value since reaching its record high of $0.1648 on March 27. This hack comes shortly after last month’s breach at prominent crypto exchange Bybit, which saw attackers steal $1.5b in user funds , showing the vulnerabilities within decentralized finance platforms. The post Decentralized Exchange KiloEX Freezes Platform Following $7.5M Exploit appeared first on Cryptonews .

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta