KiloEx Loses $7M in Apparent Oracle Manipulation Attack

KiloEx Loses $7M in Apparent Oracle Manipulation Attack

KiloEx, a decentralized exchange (DEX) for trading perpetual futures, was hit by a sophisticated attack earlier Tuesday that left users reeling with losses of around $7 million.The exploit unfolded across multiple blockchain networks and appeared to stem from a vulnerability in the platform’s price oracle system, per blockchain analysis firm Cyvers.An attacker, using a wallet funded through Tornado Cash — a tool that obscures transaction trails …

KiloEx offers $750K bounty for hacker in DeFi platform attack

The decentralized exchange KiloEx offered a 10% white hat reward to the hacker who exploited $7.5 million in crypto from its platform. KiloEx announced that if the hacker fails to accept the white hat bounty, it will take legal action and expose the hacker’s identity. On April 15, KiloEx directed an offer to the hacker […] The post KiloEx offers $750K bounty for hacker in DeFi platform attack appeared first on CryptoTvplus - The Leading Blockcha…

Price Oracle Manipulation Forces DEX to Go Offline in $7.5M Breach

According to early findings from security analysts, the breach was the result of a price oracle manipulation—a vulnerability that has […] The post Price Oracle Manipulation Forces DEX to Go Offline in $7.5M Breach appeared first on CoinsPress.

KiloEx offers 10% bounty to hacker after suffering $7.4m cyber attack

A decentralized exchange based on BNB Smart Chain, KiloEx has suffered a $7.4 million hack. In a post on late Monday, Cyvers, a blockchain analytical firm reported that the DEX endured a price oracle access control exploit.  According to the blockchain security firm, the hacker gained access to the system, giving them an opportunity to carry out the mischievous act. Cyvers initially indicated that the attack was ongoing as of when it raised the …

KiloEx Suffers $7M Hack Across BNB Chain, Base, and Taiko

The hack affected operations across several blockchains, including BNB Chain, Base, and Taiko. According to blockchain security firm Cyvers, the attacker funded the malicious address through Tornado Cash before executing the attack. Early investigations indicate the exploit stemmed from access control vulnerabilities within KiloEx’s price oracle, allowing manipulation of core contract functions. Platform Suspends Operations, Launches Investigati…

KiloEX DEX Hacked by “Price Oracle Exploit” for $7.5 Million

KiloEX, A Decentralized Exchange (DEX) built on the BNB chain, suffered a $7.5 million attack and has suspended operations. Security analysts describe the hack as a ‘price oracle exploit.’ Binance Labs funded the DEX as part of its programme to support Binance Coin (BNB) projects. KiloEX has isolated the exploit and is now trying to track down the funds and recover the stolen tokens for its users. The hack affected Multiple tokens because the pl…