Apparently someone was able to create wLEO from nothing. And started to drain the liquidity pool by dumping that wLEO and transferring ETH to wallets and exchanges. This completely crashed the price of wLEO on Uniswap. This was a hack and a robbery at the same time. Around 300 ETH disappeared and wLEO is left behind without value...
How was this possible? Is it just that simple to create tokens from thin air and make them look like the real deal? Or is this a lack of security on behalf of Uniswap?
Important questions on which the future of leofinance depends!
Sincerely,
Pele23
