Citing BitcoinWorld, a recent token launch by Base developer Jesse Pollak was exploited by professional snipers who used private channels and high gas fees to acquire over half of the 500 million tokens within minutes. The incident, which saw trading volume surge past $25 million, exposed vulnerabilities in current token launch mechanisms and highlighted the need for better anti-bot and fair distribution systems.
Base Developer's Token Launch Hijacked by Snipers, $25M in Trading Volume Recorded
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