amznusa

Home » KiloEX Suspends Platform, Tracks $7.5M Exploit Funds Victor | amznusa.com

KiloEX Suspends Platform, Tracks $7.5M Exploit Funds Victor | amznusa.com

April 16, 2025 By AMZNUSA 0

The KiloEX team announced the shutdown as they scrambled to track down the stolen funds, leaving users and investors on edge.

This KiloEX incident reminds us that in the Wild West of Web3, even promising platforms can get caught with their pants down.
KiloEX Rallies Partners to Track Hack and Recover Funds
The KiloEX team is pulling out all the stops, collaborating with heavy hitters like BNB Chain, Manta Network, and top cybersecurity firms Seal-911, SlowMist, and Sherlock to investigate the breach and recover the stolen assets. According to their latest update, the pilfered funds are being funneled through zkBridge and Meson, two protocols now under scrutiny. The team is working around the clock to engage with both platforms, aiming to halt the transactions and prevent further losses.
They’ve also shared the attacker’s wallet addresses—0x00FaC92881556A90FdB19Ae9F223640B95B4bcBD on BNB Chain, Base, Taiko, and BSquared, and 0x551f3110f12c763D1611d5A63B5F015d1c1a954C on Manta—urging the Web3 community to help establish immediate contact with zkBridge and Meson to support the recovery efforts.
KiloEX Rallies Partners to Track Hack and Recover Funds
“Our joint efforts span multiple ecosystems, aiming to mitigate further impact and maximize asset recovery,” the KiloEX team stated, expressing gratitude for the community’s support during this critical time. They’ve promised to keep users in the loop with timely updates as the situation unfolds, but for now, the platform remains on lockdown—a tough pill to swallow for its users.
This exploit underscores the growing risks in the decentralized finance (DeFi) space, where hackers are constantly on the prowl. KiloEX’s swift response and collaboration with industry leaders show they’re not throwing in the towel, but the incident raises questions about the security of cross-chain protocols like zkBridge and Meson. As the investigation continues, the broader Web3 community is rallying to assist, hoping to turn the tide on this costly breach.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

The post KiloEX Suspends Platform, Tracks $7.5M Exploit Funds appeared first on Altcoin Buzz.

 

This articles is written by : Fady Askharoun Samy Askharoun

All Rights Reserved to Amznusa www.amznusa.com

Why Amznusa?

AMZNUSA is a dynamic website that focuses on three primary categories: Technology, e-commerce and cryptocurrency news. It provides users with the latest updates and insights into online retail trends and the rapidly evolving world of digital currencies, helping visitors stay informed about both markets.

CategoryBlog Blog Posts

Leave a Reply