kiloex

The rapidly changing decentralized finance (DeFi) landscape provides dynamic new opportunities, but has created severe new security hazards. Just last week, KiloEx, a major DeFi platform, suffered a $7.5 million exploit that forced it to cease operations for a short period of time. This unfortunate event reflects the crypto sector’s...

It's more than just another DeFi headline. It's a flashing neon sign pointing directly at the elephant in the (decentralized) room – the centralization theater that plagues so much of the DeFi landscape. Sure, we hear the buzzwords: "decentralized," "trustless," "permissionless." But scratch the surface, and you’re frequently left with...

KiloEx, an Indian crypto exchange witnessed a hacker exploiting vulnerabilities to steal approximately $7.5 million from the company’s funds. The company temporarily suspended operations to assess damage and announced it was launching an investigation with the help of specialists from cybersecurity and law enforcement agencies. In an unexpected turn of...

The KiloEx hack. $7.5 million gone, then… poof!… returned. A digital Robin Hood? Or a wolf in sheep's clothing? KiloEx was willing to provide a nice “whitehat” bounty, avoidance of legal action, and a slap on the back. Makes you wonder, doesn't it?Security Through Intimidation: Is It Right?Let’s face it,...

The KiloEx hack. $7.4 million gone. A multi-chain NFT-ccident horror show playing out on Base, opBNB, and BSC. And a stark question looms: Are we building a cross-chain DeFi future on foundations of sand?Systemic Risk: DeFi's House of Cards?Think of the 2008 financial crisis. Subprime mortgages, bundled into securities and...

KiloEx, India’s first decentralized exchange (DEX), was recently hacked for a whopping $5 million. They quickly reported it to Hong Kong police and lodged a formal case after losing about $7 million. The exchange has been working with the Criminal Division of the Hong Kong police. These specialists are collaborating...

As many are unfortunately aware, the decentralized finance (DeFi) space is regularly plagued by security exploitation. The recent fatal crash with KiloEx underscores the stakes here. KiloEx, a decentralized exchange known for its perpetual contract products, was recently exploited on April 15th. This single event had a large impact, accounting...

The $7.4 million hack of KiloEx, a decentralized perpetuals exchange, seemed like just another doomy headline in the ongoing DeFi horror show. Base, opBNB, BSC – the attack was chain agnostic, slithering its way across chains. A price oracle vulnerability attempted the usual suspect, which enabled manipulation of ETH/USD values....

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...