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 …

Cyber Attacks Target Cryptocurrency Investors: Stay Alert an

Cyber attacks on crypto investors are increasing in complexity. Be vigilant and verify all communications and website URLs. Continue Reading:Cyber Attacks Target Cryptocurrency Investors: Stay Alert and Informed The post Cyber Attacks Target Cryptocurrency Investors: Stay Alert and Informed appe...

Return $6.75M, Keep $750K: KiloEx Makes Offer to Hacker

The decentralized trading platform KiloEx offered the hacker a 10% bounty, worth $750,000, if they return 90% of the stolen crypto.

$7 Million Exploit Hits KiloEx: Flawed Access Control Allows Price Manipulation Across Multiple Chains

A critical flaw has been exposed in decentralized perpetual exchange KiloEx. On-chain analysis has revealed that a single attacker, using a serious exploit, siphoned off around $7 million in value by manipulating oracle prices. The attack, first noted by KiloEx’s Cyver alert system, caused operational issues across three separate chains—BNB Chain, Base, and Taiko. KiloEx—known for its oracle-based pricing mechanism—now has some serious explainin…

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.