LeetSwap, the go-to DEX on Base, just got drained through a sophisticated price manipulation attack on its axlUSD/WETH pool. The damage? Around $620K vanished into thin air. 📊
Here’s where it gets interesting: the team partnered with white hat devs and managed to claw back 197 ETH so far. But instead of going full scorched-earth on the attacker, LeetSwap is cutting a deal — letting the hacker keep 50 ETH while returning the rest to their distributor wallet. In exchange, they’re offering safe passage across the Base bridge. 🤝
What this tells us:
Price manipulation attacks remain the lowest-hanging fruit for DEX exploiters
Recovery negotiations are becoming standard practice (not always a W for users)
Attackers now have leverage beyond just the funds they stole
This move highlights a growing trend: when recovery is partially possible, protocols are choosing diplomacy over scorched earth. Smart optics or risky precedent? The community’s split on this one. 🧵
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Base's Largest DEX Hit by $620K Price Manipulation Attack — But There's a Plot Twist
LeetSwap, the go-to DEX on Base, just got drained through a sophisticated price manipulation attack on its axlUSD/WETH pool. The damage? Around $620K vanished into thin air. 📊
Here’s where it gets interesting: the team partnered with white hat devs and managed to claw back 197 ETH so far. But instead of going full scorched-earth on the attacker, LeetSwap is cutting a deal — letting the hacker keep 50 ETH while returning the rest to their distributor wallet. In exchange, they’re offering safe passage across the Base bridge. 🤝
What this tells us:
This move highlights a growing trend: when recovery is partially possible, protocols are choosing diplomacy over scorched earth. Smart optics or risky precedent? The community’s split on this one. 🧵