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Phalcon: Detected suspicious transactions targeting an unknown project on Base, currently losing around $1 million

BlockSec Phalcon said on social media that the system detected suspicious transactions targeting an unknown project on Base, causing about $1 million in losses. The affected project appears to be a Compound fork with multiple markets emptied. Since the contract was not open-sourced, we suspect this could be a classic price manipulation attack as it relies on Uniswap's spot price.