Today, token launches are problematic and lead to significantly disadvantageous market conditions for investors. The issue mainly originates from the practice of predetermining the supply and distribution of a token prior to launching its market, which often leads to inflated market capitalizations that lack the necessary liquidity to sustain them.

JIMBO V2 was exploited for about $7.5M, or 4048 ETH. The attacker used flash loans to manipulate the JIMBO/ETH price such that the liquidity rebalance causes excessive amounts of ETH to be taken out of the Trader Joe pool via incorrectly deployed anchor bin liquidity.