KiloEX, A Decentralized Exchange (DEX) built on the BNB ($604.47) 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 platform has a multi-chain design, including the BNB Smart Chain, Taiko, and Base. The attacker used an address with funds sourced from Tornado Cash, leading some commentators to believe that North Korean hackers may be behind the attack due to their propensity to use mixers...
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