KiloEx, a decentralized platform for derivatives trading, has temporarily shut down after getting hit by a serious security breach. Hackers exploited the protocol’s vaults, draining around $7.5 million.
The team says they’re now working closely with blockchain networks and top cybersecurity experts to track down the attacker and recover the stolen funds.
In a statement shared on social media, the KiloEx team confirmed the incident and said that the attacker’s wallet address is 0x00faC92881556A90FdB19eAe9F23640B95B4bcBd.
They’ve urged all partner platforms and protocols to blacklist this address immediately to prevent any further transactions.
Following the breach, KiloEx halted platform activity and began collaborating with several ecosystem partners, including BNB Chain, Manta Network, and security firms like Seal-911, SlowMist, and Sherlock.
They’re teaming up to track the stolen funds, which are now being funneled through zkBridge and Meson — both used for moving assets across blockchains.
Looks like the attacker’s been busy, shifting the money across multiple networks like BNB Chain, opBNB, Base, Taiko, Bsquared, and Manta. A second wallet associated with the attacker on Manta Network was also shared: 0x551f3110f12c763D1611d5A63B5F015d1c1a954C.
The KiloEx team is now trying to urgently engage with zkBridge and Meson in hopes of freezing any ongoing transfers. They’ve also called on the broader Web3 community to assist in making contact with these protocols and preventing further damage.
A bounty program is being prepared to incentivize help in recovering the stolen assets. Meanwhile, a full post-mortem report is expected soon, which will detail how the attack happened, what assets were affected, and what steps are being taken to fix things.
KiloEx has promised to keep its community updated as more details emerge.
Also Read: zkLend Hacker Loses $5.4M in Phishing Attack While Using Tornado Cash
