Is KiloEx Safe?
Risk Grade: D+ (58/100)
KiloEx is rated as high risk — extreme novelty, critical interactions, unproven at scale.
High risk — already exploited once, and the same multi-chain architecture that enabled the hack remains in place
A perpetual futures exchange deployed on 4 blockchains where you can bet on crypto prices with up to 100x leverage. It holds $50M in liquidity vaults. Its D grade reflects a confirmed $7M hack in April 2025 where attackers manipulated price feeds on multiple chains simultaneously, exposing fundamental security failures.
TVL
$4M
Mechanisms
5
Interactions
5
Value Grade
D-
Key Risks for KiloEx Users
Already hacked for $7M in April 2025 through a price feed exploit. The same vulnerability existed on all 4 chains, meaning attackers drained money from each one.
Deploying the same code on 4 blockchains means one bug gets exploited 4 times before anyone can fix it. Your losses multiply across chains.
Vault depositors are the counterparty to all trades. If prices are manipulated, vaults pay out real money for fake profits, and depositors absorb the loss.
Top Risk Factors
- •Exploited for $7M in April 2025 via oracle access control vulnerability allowing price manipulation; attack succeeded across BNB Chain, Base, and opBNB simultaneously, indicating systematic security failures
- •Oracle dependency: KiloEx's perpetual pricing mechanism relies entirely on external price feeds with insufficient access controls, creating single point of failure for protocol solvency
- •Cross-chain attack surface: deploying identical contracts on 4+ chains (BNB, Base, opBNB, Taiko) amplifies risk, as single vulnerability can be exploited multiple times before patches deploy
How KiloEx Compares to Peers
KiloEx ranks #53 of 53 Derivatives protocols (bottom quartile — among the riskiest). At a risk score of 58/100, it's 19 points riskier than the sector average of 39/100.
See the full Derivatives sector leaderboard or the KiloEx vs Symm.io comparison.
Common Questions about KiloEx
Plain-English answers based on KiloEx's scores across Hindenrank's 8 risk dimensions. The highest-scoring (riskiest) dimension is Oracle Surface (10/10).
Has KiloEx ever been hacked or exploited?
KiloEx has a documented incident history that materially raised its risk grade — the track record dimension scored 15/15, near the high end of the scale. Past exploits, governance failures, or contract issues are baked into this rating. Anyone considering deposits should review the incident details before allocating capital.
How much money is at stake in KiloEx?
KiloEx currently holds under $4M in user deposits — small enough that liquidity events could affect exits. Smaller TVL means individual depositors carry a larger share of any loss event, and it can be harder to exit a position quickly during stress.
What's the worst-case scenario for KiloEx?
Hindenrank has identified specific collapse scenarios for KiloEx. The most prominent: "Cross-Chain Oracle Manipulation Contagion". The trigger condition is Attacker exploits oracle access control vulnerability across KiloEx's multi-chain deployment (BNB Chain, Base, opBNB, Taiko), draining vaults simultaneously through coordinated price manipulation. Reading through the full scenario list on the protocol page is the single best way to understand the actual failure modes — generic "smart contract risk" is rarely the thing that takes a protocol down.
Is KiloEx regulated or insured?
KiloEx has some regulatory exposure (4/10), typical of mid-sized DeFi protocols. There is no specific enforcement action on record, but the structure includes elements that regulators have flagged in similar protocols. No DeFi protocol carries FDIC-style insurance — even with low regulatory risk, depositors are not protected in the way bank customers are.
What are the biggest red flags for KiloEx?
Hindenrank's retail-focused risk audit flagged: Already hacked for $7M in April 2025 through a price feed exploit. The same vulnerability existed on all 4 chains, meaning attackers drained money from each one. Deploying the same code on 4 blockchains means one bug gets exploited 4 times before anyone can fix it. Your losses multiply across chains. Vault depositors are the counterparty to all trades. If prices are manipulated, vaults pay out real money for fake profits, and depositors absorb the loss. On the technical side, 2 critical-severity interaction risks have been identified.
Should beginners deposit into KiloEx?
KiloEx carries a D+ grade — among the riskiest protocols in Hindenrank's coverage. Beginners should not deposit here. Anyone considering a position should understand they may lose everything they put in, and should size accordingly.
How does KiloEx compare to safer Derivatives alternatives?
KiloEx is one protocol in Hindenrank's Derivatives coverage. The safest Derivatives protocols on the leaderboard tend to share three traits: a long incident-free track record, conservative mechanism design, and high-quality public documentation. Compare KiloEx against the full Derivatives ranking before committing capital.
For the full 8-dimension score breakdown, the radar chart, and dependency graph, see the KiloEx risk report.
Read the Full KiloEx Risk Report
This protocol has 3 collapse scenarios. 2 critical and 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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