Laura AI Token Remove Liquidity When K Increases Exploit

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Laura AI Logo/Graphic/Homepage

Laura AI, with a token launched on December 30, 2024, promises an AI-powered crypto trading bot designed to provide automated trading, smart strategies, and full user control through a platform accessible on both web and mobile. It claims 19 proprietary trading models to maximize profits while minimizing risks. The platform also offers AI-driven insights, strategic models, and secure operations, and claims to be backed by a team of experts in blockchain, AI, and finance. The LAURA token enhances trading power and offers exclusive benefits. After a recent exploit resulting in a $48k loss, Laura AI recovered and expanded its audience. They launched Agent AI on Twitter, which autonomously responds to messages and interacts with users. Future plans include adding a visual representation of Laura's personality and connecting her to an on-chain machine learning model.[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23]

About Laura AI

With a token first launched December 30th, 2024, Laura AI reports to represent an advanced, AI-powered crypto trading bot that provides automated trading, smart strategies, and full control to users via a user-friendly platform accessible on both web and mobile. The bot utilizes 19 proprietary trading models, each optimized for different market conditions, to maximize profits while minimizing risks. With secure and transparent operations, Laura AI offers data-driven insights, strategic trading models, and automated execution to simplify trading for users. The platform is backed by a team of experts in blockchain, AI, finance, and more, and it fosters a community-driven ecosystem. The LAURA token enhances trading power, offering exclusive benefits. Users can start trading by interacting with the bot on Telegram, where Laura handles market analysis and trade execution.

Laura AI is an AI agent designed to assist cryptocurrency users and communities, functioning like a human friend with a focus on providing insights, launching tokens, and facilitating interactions. It features a "degen-capable" machine learning model that can autonomously launch tokens, engage in conversations about the market, trends, and the current meta, as well as conduct research based on both on-chain and community data. Laura AI can also make market conclusions, trade tokens on behalf of users, and communicate through voice and text on multiple platforms.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

  • When the service was actually started (if different than the "official story").
  • Who actually ran a service and their own personal history.
  • How the service was structured behind the scenes. (For example, there was no "trading bot".)
  • Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

"LAURA was suspected to have been attacked on ETH, resulting in an approximate loss of $48.2K."

Key Event Timeline - Laura AI Token Remove Liquidity When K Increases Exploit
Date Event Description
December 30th, 2024 10:13:23 AM MST Laura AI Smart Contract Launch The Laura AI smart contract is first launched.
January 1st, 2025 6:22:35 AM MST Malicious Blockchain Transaction The malicious transaction is observed on the Ethereum blockchain.
January 2nd, 2025 2:39:00 PM MST New Dextools Panel/Token Score Laura AI announces the launch of its improved Dextools Panel, now live with a token score of 87/99. Users can track the token on BASE with precision, accessing real-time data and advanced trading insights. This marks a significant step forward in Laura AI's mission to enhance the crypto trading experience.
January 3rd, 2025 6:51:00 AM MST Transparency And Trust Post Laura AI emphasizes its commitment to transparency and trust, stating that user trust is its greatest asset. The Laura AI Terminal is dedicated to providing secure and reliable tools, ensuring high standards of security for all users. They invite users to share what is most important to them when selecting a trading platform.
January 3rd, 2025 5:51:00 PM MST Recovery/Growth Phase Announced Laura AI announces a recovery and growth phase after a recent exploit. Despite the challenges, they have successfully regained momentum and even expanded their audience. They are now launching Agent AI on Twitter, starting with the ability to autonomously respond to messages and interact with other users. Additionally, they are improving their machine learning model and planning to enhance Agent AI with more exciting features in the next phase. They express gratitude for the community's patience and support during this time.
January 4th, 2025 1:03:00 PM MST AMA Session Announcement Laura AI announces an AI session on Twitter/X.
January 7th, 2025 6:45:00 PM MST Nick L Franklin Analysis Published Nick L Franklin publishes an analysis of the exploit.
January 10th, 2025 11:10:00 AM MST Laura AI Twitter/X Agent Laura AI announces they have successfully launched an Agent on Twitter, integrating a deep learning model with Twitter's API to enable autonomous responses and post creation. The next step is to enhance Laura's capabilities by adding a visual representation of her personality, including video reactions to posts and statements. Following that, Laura will be connected to an on-chain machine learning model, evolving into a true developer (DEV).

Technical Details

The LAURA token was exploited due to a vulnerability in its "removeLiquidityWhenKIncreases" function, which causes a decrease in the Uniswap pair balance when the constant K (x * y = K) increases. The hacker manipulated this by exchanging a large amount of WETH for LAURA tokens and then adding some of both LAURA and WETH to the Uniswap pair to increase K. Afterward, they called the "removeLiquidity" function, which triggered a decrease in the pair's balance. The hacker then exchanged all their LAURA tokens back to WETH, taking advantage of the drop in K and receiving much more WETH than they initially spent.

Total Amount Lost

This exploit resulted in a total loss of $48k.

The total amount lost has been estimated at $48,000 USD.

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

"The last few days have been quite intense for us. After the exploit we managed to get back on our feet. We even increased the audience a bit thanks to it. Currently, we are launching Agent Ai on Twitter, which in the first phase will respond to messages and will interact with other users autonomously. We are working on improving our current ML model. In the next phase we will expand the agent with amazing features. Thank you for your patience, and support!"

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.

References

  1. ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Accessed Feb 4, 2025)
  2. ↑ @0xNickLFranklin Twitter (Accessed Feb 4, 2025)
  3. ↑ LAURA token exploit. – Defi hack analysis (Accessed Feb 4, 2025)
  4. ↑ PumpToken | Address 0x05641e33fd15baf819729df55500b07b82eb8e89 | Etherscan (Accessed Feb 4, 2025)
  5. ↑ @Nervyesi Twitter (Accessed Feb 4, 2025)
  6. ↑ @Bull_Pump Twitter (Accessed Feb 4, 2025)
  7. ↑ @bot_hype13170 Twitter (Accessed Feb 4, 2025)
  8. ↑ @sharafi_eth Twitter (Accessed Feb 4, 2025)
  9. ↑ @hajweb3 Twitter (Accessed Feb 4, 2025)
  10. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  11. ↑ @Nicmma1 Twitter (Accessed Feb 4, 2025)
  12. ↑ @Nervyesi Twitter (Accessed Feb 4, 2025)
  13. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  14. ↑ LauraAiTerminal (Accessed Feb 4, 2025)
  15. ↑ Welcome | Laura Ai (Accessed Feb 4, 2025)
  16. ↑ @DeFiGalaxyy Twitter (Accessed Feb 4, 2025)
  17. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  18. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  19. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  20. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  21. ↑ @LauraAiTerminal Twitter (Accessed Feb 4, 2025)
  22. ↑ BlockThreat - Week 1, 2025 - Blockchain Threat Intelligence (Accessed Feb 4, 2025)
  23. ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Accessed Feb 4, 2025)
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