Hacker creates memecoin after stealing $870,000 from RocketSwap on Base

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Hacker creates memecoin after stealing $870,000 from RocketSwap on Base
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RocketSwap, a decentralized exchange on the Base Layer 2 network, was hacked — losing 471 ETH.

to have identified the cause of the hack as a series of lapses, including the DEX's use of offline signatures in the launchpad deployment and a decision to store private keys on the server.against the team, suggesting the possibility of a rug pull, but the team insists a third-party hacker is to blame.

The team claimed the hacker executed a brute force assault on a cloud server used by the project, enabling them to extract RocketSwap's private keys and then made asset transfers from its yield farm. "We are sorry to inform you that the team needed to use offline signatures when deploying the launchpad and put the private keys on the server.

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