Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
A MEME coin called BALD, built on the Coinbase Base test network, appears to have pulled in at least $25.6 million. Although the Base network was intended to be used for developer testing, an anonymous cryptocurrency user named "Bald" announced that they would be selling BALD tokens on the Base network, and the token's price skyrocketed. However, token deployers emptied liquidity pools of around $25.6 million worth of tokens just two days after launch, clearly pulling the market. The token price quickly plummeted by around 90%. Attack method (per SlowMist): Rug Pull. Reported loss: $ 25,600,000.
- chain
- base
- protocol
- BALD
- bug_class
- rug
- date_occurred
- 2023-07-31
- loss_usd
- $25,600,000
- source_id
- sm:bald::2023-07-31