Hacker Targets RocketSwap, Then Launches Meme Token

posted  16 Aug 2023
Photo - Hacker Targets RocketSwap, Then Launches Meme Token
RocketSwap, a DEX on the Base Layer 2 network, suffered a hack, losing 471 ETH ($862,000). The team identified lapses, including offline signatures during launchpad deployment and storing private keys on the server.

While some accused the team of a potential rug pull, RocketSwap blames a third-party hacker who brute-forced a server to extract private keys.

Post-hack, the hacker moved assets to Ethereum, creating a meme token, "LoveRCKT", which saw a brief price surge on Uniswap before plummeting.