LeetSwap Halts Trading After $630K Drained From Liquidity Pairs

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LeetSwap Halts Trading After $630K Drained From Liquidity Pairs
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.LeetSwap, a DEX on Coinbase's layer 2 Base, halted trading after 340 $ETH was drained from its liquidity pairs. thesamreynolds reports.

it is working with on-chain security experts to recover 340 ether drained from its liquidity provider pairs.

A tweet from PeckShield shows that the exchange, running on Coinbase’s Layer 2 blockchain Base, has been attacked.. “We noticed that some pool liquidity might have been compromised, and we temporarily stopped the trading to investigate.” If you did not lock your liquidity you are free to remove it from the pools, the decentralized exchange added in a follow-up tweet.

shows that the DEX peaked at a total value locked of $41.2 million on July 31, which has since declined to $7 million as of August 1.its users as the token's deployer removed millions of dollars worth of liquidity.

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