It was the day when Leonicorn Swap occurred to have launched its reward-sharing mannequin. On the identical day, an obvious hacker by some means managed to realize entry and took away all the tokens contained of their den or their reward pool. 

This included 360 million $LEON, equal to roughly 22,000 $BUSD, 450 $BNB, and about 10,000 price of $ZBC. It so occurred that this alleged hacker then, with fast impact, bought off all the $LEON tokens that he had gained entry to on their DEX, and within the discount, additionally managed to empty their liquidity pool. With the promoting of the taken $LEON tokens, the resultant issue was a 95% worth drop. 

Simply earlier than this unlucky incident, the crew at Leonicorn Swap had begun amalgamating their ecosystem tokens and thus forming one token. This befell on January 4, 2023. The launch of their GameFi, along with their reward-sharing system, additionally befell on January 5, 2023. Each of those actions meant that they had been required to fund their DEN with $LEON, $BUSD, $BNB, and $ZBG.

At this very cut-off date, the suspicion is that the alleged hacker has utilized a debugger to have the ability to acquire entry to the supply code of their frontend by means of Devdex, in addition to their DEX, to determine the personal keys which can be utilized in getting access to their backend. Of their opinion and judgment, this led to the publicity of their backend API verification key, which paved the best way for the hacker to name their backend and acquire entry to the Den pockets’s personal key, which is used for interacting with the cost pockets autonomously. Ever since this unlucky incident, the code has been duly nullified. Regardless of all the things, it is just the Den pockets that has been affected.

As a remedial measure, they’ll purchase emergency funding to the tune of $500,000, by means of which they’ll proceed operations. With this, they’ll be capable to create a liquidity pool. They may even be able to renew operations and have reserve funds. They may even be capable to make crucial adjustments within the safety of their ecosystem. Additional, restoration plans may even be within the offing, in addition to safety points that can be addressed with time.