KiloEx DeFi exploit drains $7 million, sparking cross-chain security concerns

The DeFi sector faced another major test this week as KiloEx, a newly launched perpetual trading platform backed by YZi Labs (formerly Binance Labs), suffered a coordinated exploit that drained approximately $7,000,000. The attack, which took place on 14 April, targeted BNB Smart Chain, Base, and Taiko—three blockchains central to KiloEx’s multi-chain infrastructure. The incident,

Source: Invezz