hack

The KiloEx exploit that recently K.O.’d so much of the DeFi ecosystem. A deep, foul smell of something rotten is permeating the DeFi ecosystem. In a shocking twist, $7.5 million vanished. It wasn’t stolen through advanced hacker wizardry; rather, it was taken through exploiting a somewhat rudimentary manipulation of the...

KiloEx, a decentralized finance (DeFi) platform, tools and liquidity operations have been suspended. This decision comes on the heels of a severe security breach that resulted in losses of around $7.5 million. The attack, which was blamed on oracle manipulation and cross-chain vulnerabilities, sheds light on the systemic risks that...

$5 million gone. 17% price crash. A community in uproar. And another "compromised admin account"? Seriously? As a UK-based, deep editorial expert in the blockchain space, I’ve seen this story play out repeatedly. Truth is, I’m tired of being surprised by the same old left turn.Officially, the ZKSync attack narrative...

KiloEx, a DeFi decentralized finance (DeFi) protocol, was recently attacked by a well-devised exploit. This unfortunate incident further illustrates the dire need for proactive security measures across the DeFi ecosystem. The exploit, which led to a loss of over $31 million, exploited the vulnerabilities built into the price oracle framework...

The KiloEx hack. $7.4 million gone. Headlines screaming "DeFi Doomed!" It’s simple to jump on the band wagon of condemnation, to cast blame and rush to call for change across-the-board right now. Before we reflexively reach for the regulatory hammer, let's take a breath and ask ourselves a harder question:...

The ZKSync airdrop. A promised land of free tokens. In practice, what we received in return was a masterclass in how not to operate a cryptocurrency project. Then the $5 million hack on unclaimed tokens? This isn’t just bad luck, it’s a symptom of a much deeper rot.As a Singaporean,...

The ZK token launch was its way of celebrating the whole ZKSync ecosystem. The situation deteriorated quickly when a significant data breach resulted in a $5 million dollar hack. This incident exposed some massive vulnerabilities with the airdrop mechanism. It has instigated widespread community outrage and concern, leading to serious...

Sarah is a working single mother. She poured her meager savings into KiloEx, resolved to build a new life for her children. She’d heard the stories underpinned by DeFi, the tales of financial freedom, of being your own bank, having sovereignty over your money. Then, boom. $7.4 million gone. Hacked....

That kind of exploitation shouldn’t keep the recent hack of KiloEx from shocking the decentralized finance (DeFi) community. It caused a $7 million loss, sending shockwaves across the industry. This incident paints a clear picture of the vulnerabilities multi-chain platforms introduce. Most importantly, it highlights the need for rigorous security...

Needless to say, the KiloEx hack, a $7 million cross-chain exploit, has everyone in DeFi on high alert. Your initial reaction may be to blow it off as “just another life hack.” Others view it as a mere cost of doing business in the wild west of decentralized finance. I...