KiloEx perpetual DEX loses $7.4M in price oracle exploit

KiloEx, a decentralized perpetuals trading platform backed by YZi Labs, was exploited for approximately $7.4 million in a cross-chain attack.

The attack was first flagged by blockchain security platform Cyvers Alerts on Apr. 14 at 7:30 PM UTC. The company reported that a wallet funded via Tornado Cash carried out a number of dubious transactions on Base, Taiko, and BNB Chain (BNB). A price oracle access control vulnerability was reported to be the root cause. The stolen…