KiloEx, a Token Generation Event (TGE) project backed by YZi Labs and listed on Binance Alpha, suffered a $7 million hack affecting BNB Chain, Base, and Taiko blockchains.

According to blockchain security firm Cyvers, the attacker used Tornado Cash to fund the malicious address before exploiting access control vulnerabilities within KiloEx's price oracle. This vulnerability allowed manipulation of core contract functions.

In response, KiloEx immediately suspended operations and launched a comprehensive investigation, partnering with leading security firms including BNB Chain, Manta Network, Seal-911, SlowMist, and Sherlock to trace the stolen funds and enhance security measures. The team stated, “We are actively collaborating with leading blockchain security partners… to investigate the recent KiloEx Vault attack and trace the stolen assets.”

As part of its remediation efforts, KiloEx announced a bounty program and promised a full incident report.

This incident highlights the persistent security risks facing decentralized finance (DeFi) platforms, particularly those operating across multiple blockchains.

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