1. **RocketSwap DEX Hack**: RocketSwap, a DEX project in the #Base ecosystem, experienced a breach resulting in a #loss of 471 ETH (about $870,000).
2. **Assets Moved to Ethereum**: The stolen funds were shifted from the Base #blockchain to Ethereum. The hackers swiftly introduced a Memecoin called LoveRCKT.
3. **LoveRCKT Price Manipulation**: LoveRCKT was paired with 400 #ETH liquidity on Uniswap, leading to a rapid price increase from $0.00000001 to $0.00000003. Subsequently, the liquidity was withdrawn, causing the token's value to plummet by over 90%.
4. **Private Key Vulnerability**: RocketSwap acknowledged that the breach occurred due to a brute-force attack on their stored private key, which was located on a server. As a preventive measure, the platform has suspended its farming activities.
5. **Immediate Response**: In response to the incident, #RocketSwap took quick action to minimize further losses and secure its infrastructure, highlighting the challenges and risks associated with decentralized exchanges.
