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BNB, Base, & Taiko Chains Affected By $7M KiloEx Hack

KiloEx has suffered a $7 million hack affecting BNB Smart Chain, Base, and Taiko. The attacker, using a wallet funded via Tornado Cash, exploited a price oracle vulnerability to manipulate cross-chain asset pricing.

Haider Jamal
April 15, 2025

Lengthy Investigation Unfolds

Following the incident, the perpetual trading platform backed by YZi Labs (formerly Binance Labs) suspended all operations to assess the breach.

Source: X (@CyversAlerts)

The team is now working with cybersecurity experts and has launched a bug bounty program to recover funds and address the underlying vulnerability, although experts believe it will take a long time before any substantial progress is made.

Market Reaction & Token Decline

The KILO token dropped by 30%, wiping out $3.5 million in market capitalization within hours. Its valuation also fell from $11 million to $7.5 million.

The attacker’s wallet remains under surveillance, and concerns persist over potential blacklisting of exploited stablecoins such as USDC.

KiloEx’s response in the coming days will be pivotal in restoring user confidence.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.