- $700,000 withdrawn from LaunchZone protocol’s DeFi liquidity pool due to exploit
- The price of the native $LZ token has fallen by more than 80%
- The funds were withdrawn through the decentralized exchange PancakeSwap
LaunchZone DeFi Protocol has undergone hacker attack by a DND exploit. $700,000 was withdrawn from his liquidity pool and the value of his native token plummeted by more than 80%.
The company released a statement on Twitter regarding the situation:
“$LZ hacked by DND exploiter. We are currently working on a solution to the problem. Please do not buy tokens now and stay calm. We will let you know as soon as something changes”
Subsequently, it became known that LaunchZone stopped trading tokens:
“Given the current difficult situation, we have decided to stop any activity with $LZ tokens until all issues are resolved. Thank you for your understanding and please stay tuned!”
DEX exchange Biswap also reacted to the situation. She announced the delisting of the token:
“The $LZ token will be deleted within 5 hours due to a DND exploit hack. Do not make any transactions on the site. The team is dealing with the situation!”
