KiloEX DEX hacked through oracle exploit, losses rise to $7M
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CryptoSlate
CryptoSlate
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https://www.cryptopolitan.com/kiloex-dex-hacked-through-oracle-exploit-losses-rise-to-7m/
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KiloEX halts platform after $7.5M exploit
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The estimation is that an attacker gained control of price oracles, leading to drained liquidity from altered price information. Within the first hour after the hack, Shou discovered that KiloEX suffered from a total vulnerability, where anyone could set up the price oracle to any value.
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Some of the withdrawals affected USDC and USDT, as on-chain investigators are now attempting to freeze the tokens. The trackers have already flagged a destination address on BNB Smart Chain, carrying over $3.1M USDT
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