WETH/Workbench Pool on Base Loses All $54k Liquidity

A trading pair on the Base blockchain has effectively ceased operation following a complete removal of its funds. The specific contract involved is 0xc1e1efdea7bf6c6e39c2643f7e37152a3fb59381, which was deployed by wallet address 0xdfadfb1f4c8e048684bd936bf4f433dc4b5b00fe. This event marks the disappearance of a pool that once facilitated swaps between Wrapped Ether and Workbench tokens.

The Event Timeline

Monitoring systems first detected this anomaly on June 19, 2026, at approximately midnight UTC. At its height before the incident, the reserve value reached $54,769. By the time of detection and subsequent analysis, that figure had plummeted to just three dollars.

Understanding the Impact

The metric showing a 100% drawdown indicates that every single dollar previously sitting in the pool is no longer accessible for trading or withdrawal by users. When a liquidity provider deposits assets into such a pair, they expect to withdraw them later; however, this specific event means those funds are gone.

• The total value lost from peak levels was approximately $54,769.
• Current reserves stand at only $3 USD.
• The pool health score has dropped significantly to 20 out of 100.

Risk Indicators

Despite the dramatic loss in value and the near-total depletion of funds, on-chain risk flags currently display as okay. This distinction is important for readers: while the financial outcome was a total drain, automated scanners did not flag immediate malicious activity patterns at this specific moment.

Market Context

This incident highlights the volatility inherent in newer token pairs on Layer 2 networks like Base. The sudden transition from a healthy fifty-four thousand dollar pool to an empty state suggests either a rapid withdrawal by developers or a mechanism that removed liquidity entirely, leaving only negligible amounts behind.