KILO is the utility token of the KiloEx platform, used for transaction fees, governance participation, and user rewards. Users who convert KILO to xKILO can earn a share of platform revenue and access additional staking benefits.
At the time of writing, KILO has dropped 22.14% in the past 24 hours, ranking among the day’s biggest losers.
The decline follows a major security breach on the KiloEx Perpetual Trading platform, where an attacker funded via Tornado Cash targeted the BNB, Base, and Taiko networks, stealing approximately $7 million. The exploit was linked to an access control vulnerability in the platform's price oracle. Following the incident, KiloEx was temporarily suspended, and the token’s price likely reacted to the market’s loss of confidence.
