Decentralized exchange KiloEX has confirmed it has suspended usage of its platform and is tracing stolen funds after suffering a $7.5 million exploit. 

The exploit has been contained, with data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-decentralized-exchanges-and-how-do-dexs-work” rel=”null” target=”null” text=”null” title=”null”>use of the platform suspended and an investigation underway, the KiloEX team data-ct-non-breakable=”null” href=”https://x.com/KiloEx_perp/status/1911899600849617330″ rel=”null” target=”null” text=”null” title=”null”>said in an April 14 statement to X.

“The team has immediately suspended platform usage and is working with security partners to trace the flow of funds,” KiloEX said. 

“We are analyzing the attack vector and affected assets. We are collaborating with ecosystem partners to trace and…

Decentralized exchange KiloEX has confirmed it has suspended usage of its platform and is tracing stolen funds after suffering a $7.5 million exploit. 

The exploit has been contained, with data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-decentralized-exchanges-and-how-do-dexs-work” rel=”null” target=”null” text=”null” title=”null”>use of the platform suspended and an investigation underway, the KiloEX team data-ct-non-breakable=”null” href=”https://x.com/KiloEx_perp/status/1911899600849617330″ rel=”null” target=”null” text=”null” title=”null”>said in an April 14 statement to X.

“The team has immediately suspended platform usage and is working with security partners to trace the flow of funds,” KiloEX said. 

“We are analyzing the attack vector and affected assets. We are collaborating with ecosystem partners to trace and…