Base Exploit: Trader Returns $80K cbBTC for Bounty | Flash News Detail | Blockchain.News
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4/22/2026 5:53:00 PM

Base Exploit: Trader Returns $80K cbBTC for Bounty

Base Exploit: Trader Returns $80K cbBTC for Bounty

Exploiter on Base swaps 0.04 ETH for $80K cbBTC via Kipseli bug, claims 20% bounty in DeFi drama amid ETH price prediction volatility.

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An exploiter on the Base network, identified as 0x2352a1Fc, uncovered a quoting logic bug in Kipseli propAMM and executed a swap of roughly 0.04 ETH for about $80,000 worth of cbBTC, only to return shortly after for a 20% bounty in a move hailed as 'based behavior' by @jessepollak.

This incident underscores the relentless risks in DeFi protocols, echoing similar exploits over the past six months where quick bounties have turned potential disasters into community wins, much like the recent Bitcoin flash loan attacks that stabilized BTC liquidity pools.

Shifting to the macro-technical view on ETH, the 4-hour chart reveals a bullish structure with price at $2402.29 holding above the EMA50 at $2326.56 and EMA200 at $2220.55, acting as firm long-term supports that could cushion any DeFi-induced dips. Momentum sits neutral with RSI(14) at 65.02, while the MACD(12,26) golden cross at 15.62 signals strengthening upside; yet, with price probing the upper Bollinger Band resistance at $2411.25 and lower support at $2246.74, we're eyeing a tactical pullback to that EMA50 level before resuming the grind higher, especially if broader crypto exploit bounty stories keep ETH price prediction models tilted bullish amid volatility exhaustion.


jesse.base.eth

@jessepollak

Base Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.