KiloEX loses $7.5 million in oracle hack | Digital Watch Observatory

KiloEX loses .5 million in oracle hack | Digital Watch Observatory

KiloEX suspends operations after major security breach.

A hacker has exploited decentralised exchange KiloEX, draining approximately US$7.5 million by manipulating its price oracle mechanism. The breach led to an immediate suspension of the platform and sparked a cross-industry investigation involving cybersecurity firms and blockchain networks.

The vulnerability centred on KiloEX’s price feed system, which allowed the attacker to manipulate the ETH/USD…

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