KiloEx Suffers $7M Hack Across BNB Chain, Base, and Taiko
KiloEx, a decentralized perpetual trading platform, has been hit by a multi-chain exploit resulting in approximately $7 million in losses.
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 Investigation
Following the breach, KiloEx immediately suspended platform operations and is now collaborating with major security and blockchain partners to trace the stolen funds and strengthen defenses. These partners include BNB Chain, Manta Network, Seal-911, SlowMist, and Sherlock.
“We are actively collaborating with leading blockchain security partners… to investigate the recent KiloEx Vault attack and trace the stolen assets,” the team confirmed in a statement.
The platform also revealed it will launch a bounty program as part of its remediation efforts and pledged to release a full incident report soon.KiloEx is a Token Generation Event (TGE) project on Binance Wallet and has received backing from YZi Labs. It is also listed on Binance Alpha, a platform showcasing high-potential projects.
While the protocol works to recover from the breach, the incident once again underscores the ongoing security challenges faced by DeFi platforms—particularly those spanning multiple chains.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
