A trader lost $2 million after attempting to swap $2 million in Ether for the Lighter token in what was described as a “same-block backrun extraction” exploit.

A trader swapped 1,126 ETH worth $2.01 million for just $14,208 of LIT, paying 140x market price as Lighter's token topped Coingecko's trending list.

A trader lost $2 million after attempting to swap $2 million in Ether for the Lighter token in what was described as a “same-block backrun extraction” exploit.