Full Fund Recovery for KiloEx After $7.5 Million Exploit – Coincu

KiloEx, a decentralized exchange platform, managed to recover $7.5 million following an exploit involving price oracle manipulation across several blockchain networks.

This event underscores the risks in decentralized finance and the importance of securing smart contract operations against similar vulnerabilities.

$7.5 Million Recovered in KiloEx’s Price Oracle Exploit

KiloEx faced a price oracle manipulation attack, initially losing $7.5 million on April 14-15. In response, the platform coordinated with security firms such as SlowMist and Blitezero to facilitate the recovery process. Binance provided critical support, establishing an emergency response command center.

Following the attack, KiloEx pledged to resolve the issue transparently, which led the hacker to accept a $750,000 white-hat bounty for returning the full amount. Subsequently, KiloEx began a post-incident review to implement an updated security plan, aiming to prevent future exploits.

KiloEx Official Statement, KiloEx, “With all affected funds fully restored (leaving no victims), we are fulfilling our pledge to resolve this matter fairly and transparently.” – KiloEx Official Statement

DeFi Future: Heightened Security and Regulatory Demands

Did you know? Several DeFi protocols have faced similar attacks, underscoring the ongoing vulnerability of price oracles. This incident highlights the rapid response capabilities of platforms like Binance in DeFi security crises.

As of April 19, 2025, CoinMarketCap reports KILO’s price at $0.04, with a market cap of $8.76 million. The token’s value declined 4.14% over 24 hours and 72.71% in the past 90 days, reflecting ongoing market instability. Trading volume fell 32.79% to $13.96 million.

Analysts from Coincu speculate the incident will likely drive calls for tighter DeFi regulatory standards and bolster security protocols industry-wide. Increased scrutiny from both community stakeholders and financial regulators is anticipated to enforce stronger oracle protections and access control measures.