Binance Wallet and YZi Labs-Backed KiloEx Suffers a $7 Million Hack

KiloEx, a newly launched perpetual trading platform backed by YZi Labs (formerly Binance Labs), has suffered a cross-chain exploit resulting in the theft of approximately $7 million. The attack, which began on April 14, is ongoing and has impacted operations across BNB Smart Chain, Base, and Taiko networks. Hackers Drain $7 Million from KiloEx Using Tornado Cash Cyvers analysts report that the attacker used a Tornado Cash-funded address to execute a series of coordinated transactions. It exploited potential access control flaws in KiloEx’s price oracle system source: https://beincrypto.com/binance-backed-project-kiloex-hacked/