Phalcon: Detected suspicious transactions targeting an unknown project on Base, currently losing around $1 million
2024-10-25 02:23:37
Blocksec phalcon social media representation system detection base adesk3cryptocurrencydesktopCrypto News
BlockSec Phalcon said on social media that the system detected suspicious transactions targeting an unknown project on Base, causing about $1 million in losses. The affected project appears to be a Compound fork with multiple markets emptied. Since the contract was not open-sourced, we suspect this could be a classic price manipulation attack as it relies on Uniswap's spot price.
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