Risky Business: KiloEX Crypto Exploit Hits Hard!

Decentralized exchange KiloEX experienced a $7.5 million exploit, suspending its platform's usage while investigating the breach. The hacker manipulated a price oracle, inflating asset prices for a quick profit, causing KiloEX's token to plummet. The team is collaborating with partners to trace and recover funds. This incident raises critical questions about security in digital finance and the risks of decentralized platforms. Despite backing from Binance Labs, KiloEX’s challenges underscore the vulnerabilities in the rapidly evolving cryptocurrency ecosystem.