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Decentralized Exchange KiloEX Hit By $7.5M Exploit, Shuts Down Platform To Track Hackers

Decentralized exchange KiloEX has halted operations after falling victim to a $7.5 million exploit. This has prompted an urgent investigation and collaboration with security firms and blockchain partners.

The breach, confirmed by the KiloEX team on 14 April 2025,  forced the exchange to suspend platform usage as it works to trace and potentially recover the stolen assets.

In a public statement on X, KiloEX stated that the exploit had been contained and that they were now analyzing the attack vector. “The team has immediately suspended platform usage and is working with security partners to trace the flow of funds,” they wrote.

Decentralized Exchange KiloEX Hit By $7.5M Exploit, Shuts Down Platform To Track Hackers

Decentralized exchange KiloEX has halted operations after falling victim to a $7.5 million exploit. This has prompted an urgent investigation and collaboration with security firms and blockchain partners.

The breach, confirmed by the KiloEX team on 14 April 2025,  forced the exchange to suspend platform usage as it works to trace and potentially recover the stolen assets.

In a public statement on X, KiloEX stated that the exploit had been contained and that they were now analyzing the attack vector. “The team has immediately suspended platform usage and is working with security partners to trace the flow of funds,” they wrote.

https://99bitcoins.com/news/decentralized-exchange-kiloex-hit-by-7-5m-exploit-shuts-down-platform-to-track-hackers/