🐻 Why Crypt is Falling

DEX exchange LeetSwap, which operates on the Coinbase (Base) network, announced a trading pause due to concerns about a potential exploit.

On August 1, LeetSwap tweeted that some of its liquidity pools may have been compromised and they had temporarily stopped trading to investigate.

The potential exploit netted the hackers 342.5 ETH worth more than $630,000. This is the second major hack of DEX applications in the last two days.

#BTC #Bitcoin