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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...

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...