TechFlow news, according to monitoring by security firm PeckShield, RocketSwap, a decentralized exchange within the Base ecosystem, has been hacked, resulting in a loss of 471 ETH.
The attacker has bridged the stolen funds from Base to Ethereum and created a token named LoveRCKT. Currently, the attacker has provided 90 trillion LoveRCKT tokens and 400 ETH in liquidity on Uniswap.
RocketSwap stated that the attack was carried out by stealing private keys from the team's server. There was an authorization vulnerability in the liquidity pool proxy contract.
RocketSwap has disabled the liquidity pool to prevent further losses, while DEX trading remains unaffected.
The emergency response plan agreed upon by the team is as follows:
1. Plan to redeploy a new liquidity mining contract by deleting the proxy contract and open-sourcing it on-chain.
2. The new liquidity mining program will accelerate the emission reduction schedule by 0.075 per block.
3. The team will relinquish minting rights, retaining only low-risk rights to allocate new mining pools.
4. The locked initial liquidity and 80,000 tokens will have their lock-up period extended by one year.
5. The team will continue launching its LaunchPad and plans further updates.
6. The Telegram group will reopen once stability is restored.
7. The team calls on the hacker to return the assets to the victims.
