BlockSec Phalcon: Suspicious transactions were detected for an unknown project on Base, with a current loss of about $1 million
BlockSec Phalcon stated on social media that the system detected suspicious transactions against an unknown project on Base, causing approximately $1 million in losses. The affected project appears to be a Compound fork, with multiple markets being cleared out. As the contract is not open source, we suspect this may be a typical price manipulation attack, as it relies on the spot price of Uniswap.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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