{"id":82456,"date":"2023-08-01T13:05:15","date_gmt":"2023-08-01T10:05:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82456"},"modified":"2025-09-12T05:08:18","modified_gmt":"2025-09-12T02:08:18","slug":"dex-leetswap-halts-trading-amid-suspected-exploit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dex-leetswap-halts-trading-amid-suspected-exploit\/","title":{"rendered":"DEX LeetSwap halts trading amid suspected exploit"},"content":{"rendered":"<p>LeetSwap, a decentralized exchange on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a> Base network from Coinbase, said it was suspending operations amid concerns over a probable breach.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-01-v-12.14.03.webp\" alt=\"Snimok-ekrana-2023-08-01-v-12.14.03\" class=\"wp-image-212652\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/LeetSwap\/status\/1686190488506769408?s=20\">X<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBecause our DEX is a fork of Solidly, the platform has a security-pause feature. We noticed that some pool liquidity could have been compromised, and we temporarily halted trading to investigate,\u201d the project team said.<\/p>\n<\/blockquote>\n<p>According to PeckShield, about 340 ETH (~$630,000) was withdrawn from some Base liquidity pools.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-08-01-v-12.18.05.webp\" alt=\"Snimok-ekrana-2023-08-01-v-12.18.05\" class=\"wp-image-212653\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1686193494543802368?s=20\">X<\/a>. <\/figcaption><\/figure>\n<p>Trading halts were reported shortly after the Layer-2 network <a href=\"https:\/\/u1f987.com\/en\/news\/base-blockchain-swept-by-a-wave-of-meme-tokens\">was swept by a wave of meme tokens<\/a>. One asset \u2014 BALD \u2014 surged nearly 40,000% in a matter of days.<\/p>\n<p>However, later the token&#8217;s developers pulled the majority of its liquidity from LeetSwap, withdrawing 7,000 ETH and 142 million BALD, after which its price fell to $0.015. On 1 August, the token jumped to $0.04, before retreating again to around $0.006.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/dexscreener.com_BALD_WETH_2023-08-01_12-26-27.webp\" alt=\"dexscreener.com_BALD_WETH_2023-08-01_12-26-27\" class=\"wp-image-212654\"\/><figcaption class=\"wp-element-caption\">15-minute BALD\/WETH chart on LeetSwap. Data: <a href=\"https:\/\/dexscreener.com\/base\/0xe96df8f5ef1a8790415068c798765b07d57643bd\">DEX Screener<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/dexscreener.com\/base\/leetswap\">DEX Screener<\/a>, LeetSwap&#8217;s trading volume over the past 24 hours exceeded $115 million, and the number of transactions reached 480,455, about 40% of Base&#8217;s daily turnover.<\/p>\n<p>In July, the Coinbase blockchain team <a href=\"https:\/\/u1f987.com\/en\/news\/coinbases-base-l2-solution-opens-mainnet-to-developers\">opened access<\/a> to the mainnet for application developers. The official mainnet launch is planned for August. The project is built on the <a href=\"https:\/\/optimism.mirror.xyz\/fLk5UGjZDiXFuvQh6R_HscMQuuY9ABYNF7PI76-qJYs\">OP Stack<\/a> from Optimism and operates as an Ethereum-scale network of <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-rollups-and-how-do-they-scale-ethereum\">rollups<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LeetSwap, a decentralized exchange on Coinbase&#8217;s L2 Base network, announced a halt to operations amid concerns over a probable breach.<\/p>\n","protected":false},"author":1,"featured_media":82457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1111],"class_list":["post-82456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-cybersecurity"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82456"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82456\/revisions"}],"predecessor-version":[{"id":82458,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82456\/revisions\/82458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82457"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}