The operators of a project called ETHTrustFund on Coinbase’s Base layer-2 Ethereum blockchain have apparently rug-pulled the project. The ETHTrustFund project was a fork of the Olympus DAO project on Base, but there was months of inactivity on the project following its March launch. Then, on July 20, the developer deleted his Telegram and Twitter accounts and the project’s website, and suddenly moved the project treasury to a new wallet. The funds were then laundered through Railgun and Tornado Cash.

Total loss estimated at $2,200,000.