Crypto Hack Hits KiloEX: $7.5 Million Stolen, Recovery Efforts Launched

The platform confirmed in an April 15 post on X that it is working with several blockchain and security groups, including BNB BNB $598.43 Chain, Manta Network, Seal-911, SlowMist, and Sherlock, to track where the stolen funds went and figure out how the breach occurred.

The team behind KiloEX shared that the attacker moved funds through zkBridge and Meson, and they are trying to stop further transfers by contacting both networks.

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PeckShield stated that the breach was caused by a price oracle issue, where the attacker likely manipulated the pricing data used by the platform to value assets. According to the cybersecurity firm, the attacker took around $3.3 million in Base tokens, $3.1 million in opBNB, and $1 million in BSC tokens.

They explained that the attacker used the flaw to open a trading position with the ETH ETH $1,789.82 /USD rate set at 100 and then quickly closed it at a much higher rate of 10,000. This single transfer gave them a profit of about $3.12 million.

KiloEX is preparing a detailed report to explain how the exploit worked. The platform also mentioned it will soon launch a bounty program to reward anyone who helps recover the funds.

On March 30, SIR.trading, an Ethereum-based platform, lost all user funds—about $355,000. What happened? Read the full story.