Cryptocurrency [loss] $460,000

Tweet thread by PeckShield

2023-08-16 [vendor] SwirlLend [chain] ethereum
Primary Source ↗
Financial Loss $460,000 (460,000 USD)
Blockchain(s) Ethereum

Incident Details

Despite the fact that Coinbase’s Base blockchain was only officially launched a week ago, and a relatively small amount of funds are locked on the chain, it’s already racking up its own tally of scams and hacks.SwirlLend was a lending protocol operating on both Base and the similarly newborn Linea chain. Shortly after its launch, the project drained a combined $460,000 from the two chains, then deleted its social media accounts.

Total loss estimated at $460,000.

Technical Details

Vendor / Product
SwirlLend

Timeline

  1. 2023-08-16 Breach occurred
  2. 2023-08-16 Publicly disclosed