Coinbase Layer-2 Solution Base’s Second-Largest DEX Eliminates Vulnerabilities After Exploit

Coinbase Layer-2 Solution Base’s Second-Largest DEX Eliminates Vulnerabilities After Exploit

The second-largest decentralized exchange on the newly released Base blockchain – RocketSwap – announced eliminating any existing high risks and vulnerabilities a day after sustaining a “brute force hack of the server” where the platform stored its private keys.
The RocketSwap team confirmed relinquishing minting rights, which is part of its recovery plan. In a new update, the protocol said it has retained only low-risk rights to allocate new pools. The locked initial liquidity and 80k tokens, on the other hand, have been extended for 1 year.
On August 14th, hackers stole $865,000 or 471 Ether from RocketSwap and bridged it from Base to Ethereum, which was flagged by blockchain security expert, PeckShield.
The entity behind the attack then generated 90 trillion tokens named “LoveRCKT” and proceeded to move them to Uniswap, along with 400 ETH.
The platform’s official statement on the attack read,
“A brute force hack of the server was detected. Due to the proxy contract l

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