Cryptocurrency [loss] $2M+

Tweet thread by CertikAlert

2024-04-15 [vendor] Grand Base theft [chain] ethereum
Primary Source ↗
Financial Loss $2.0M (1,972,305 USD)
Blockchain(s) Ethereum

Incident Details

Grand Base, a real world assets platform built on the Base layer-2 blockchain, has seen $2 million exit the platform in a hack or rug pull.The team behind the project claimed that the deployer wallet had been compromised, allowing an attacker to drain the project’s liquidity pool. Altogether, 615 ETH (~$2 million) was taken from the project.Grand Base is a platform where users can trade “gAssets”, which are crypto tokens that represent stocks in tech companies including Amazon, Apple, Google, Meta, and Microsoft.

Total loss estimated at $1,972,305.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
Grand Base theft

Timeline

  1. 2024-04-15 Breach occurred
  2. 2024-04-15 Publicly disclosed