KiloEx Suffers $7M Hack Amid Ongoing Cross-Chain Exploit, Token Plummets 30%

KiloEx, a newly launched perpetual trading platform backed by YZi Labs (formerly Binance Labs), has fallen victim to a massive $7 million cross-chain exploit, affecting operations across the BNB Smart Chain, Base, and Taiko networks. The exploit, first detected on April 14, remains ongoing, prompting the platform to suspend its services while security teams investigate […]