
PeckShield Inc.|Apr 14, 2025 21:45
The @KiloEx_perp protocol was hacked today with a loss of ~7.5m (3.3m in base, 3.1m in opBNB, $1m in BSC).
The protocol is now paused! Our initial analysis on one exploit tx indicates a price oracle issue. And the hacker exploits it to create a new position with initial given ETHUSD price of 100 and then immediately close the position with *INFLATED* ETHUSD price of 10000, netting the 3.12m profit in one single tx.
Here is an example tx:
https://basescan.org/tx/0x6b378c84aa57097fb5845f285476e33d6832b8090d36d02fe0e1aed909228edd
The stolen funds are parked in the following account (being bridged now):
0x00faC92881556A90FdB19eAe9F23640B95B4bcBd
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