The @BaldBaseBald (BALD) token’s value has decreased by 88%, according to Certik Alert, as the deployer removed liquidity on the LeetSwap pair. By taking advantage of @LeetSwap’s liquidity pairs, the hacker 0x5B03 was able to manipulate the price and collect a total of 342.5 ETH, or about $624.3K.
In the last 24 hours, the value of the BALD token (@BaldBaseBald) has dropped significantly by 88%. The abrupt fall is attributable to the deployer’s choice to remove about 11,139 WETH, or nearly $20.3 million in liquidity, from the LeetSwap pair. The token’s base is 0x27D2DECb4bFC9C76F0309b8E88dec3a601Fe25a8.
Additionally, @LeetSwap’s liquidity pairs have been taken advantage of. By using an exposed function on the liquidity provider contract to send tokens to a fee address, the exploiter, known as 0x5B03, was able to control the price. The exploiter then effortlessly bought all of the WETH that were still available. As a result, the exploiter currently owns about 342.5 ETH, or about $624.3K.
This circumstance emphasizes the necessity for prudence and careful due research while participating in such markets, underscoring the risks connected with investing in cryptocurrencies and tokens. Investors should continue to be on the lookout for market changes and keep up with any potential fraud or manipulation in the cryptocurrency industry.
