LESS Protocol Faces Onchain Attack, Launch Liquidity Drained
- Attack Mechanism Analysis: The onchain exploit of the LESS Protocol leveraged its launch liquidity setup, draining nearly all initial WETH seed, revealing vulnerabilities in contract behavior during the launch process, resulting in losses that are more severe than typical user-side losses.
- Liquidity Risk Warning: This incident underscores the critical importance of liquidity at token launches, as errors in contract assumptions, reward schedules, and liquidity creation processes can turn the launch pool into a target for attacks, impacting the formation of market depth.
- Inadequate Security Review: The LESS case serves as a reminder that early DeFi launches require more than standard contract reviews; teams must conduct adversarial testing to ensure the safety of reward decay, fee claiming, and liquidity creation functions to prevent issues in the first blocks after market opening.
- Subsequent Recovery Measures: The LESS Protocol must immediately freeze or disable the vulnerable path, publish transaction traces, confirm remaining seed and treasury balances, and explain the reward decay failure to release a patched launch flow before any market relaunch.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.002 | 0.00236 | 0.00269 | 0.00305 | 0.00338 | 0.00374 | 0.00407 |
| Fibonacci | 0.00236 | 0.00262 | 0.00279 | 0.00305 | 0.00332 | 0.00348 | 0.00374 |
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