While the hacking incidents continue one after another, the latest news came from Grand Base, the decentralized finance protocol on the Base network.
Accordingly, Grand Base X warned investors in the statement they made from their account, stating that they had experienced a hack.
“An important update:
An exploit occurred on April 15, 03:01:27 +UTC.
For this particular reason, we urge all our community members to stay away from this contract as it is no longer safe.
We are working with our partners to recover the funds and freeze the hackers’ addresses, we have tracked all the hacker’s wallets and are actively monitoring the situation, we are in talks with CEXs to freeze any funds he may be carrying.
Again. The GB token contract is no longer SECURE and you should not trade or interact with it, if you have provided LP please remove it as soon as possible, stay safe. We will inform everyone about the next step.”
Following this news, the GB token dropped by up to 99%.
An important update:
On April 15 at 03:01:27 AM +UTC, an exploit happened.
For this specific reason, we urge all our community members to stay away from this contract as it is not safe anymore.
As everyone saw, we have been exploited and the LP was drained. We are working…
— Grand Base (@grandbase_fi) April 15, 2024
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/attention-another-defi-platform-was-hacked-the-price-of-this-altcoin-dropped-by-99-percent/