Magnate Finance, a DeFi lending protocol on the Ethereum layer-2 network Base, is reported to have conducted a rug pull, robbing its users of $6.4 million worth of assets. This event represents the latest troubling incident on the Base network in merely a month of its official mainnet launch. 3 Rug Pulls, $16.7 Million Lost…
Read more
A sequence of unfortunate developments has struck BALD meme coin enthusiasts, as the once-shining (no pun intended) digital asset has experienced a jaw-dropping 96% decline in trading volume. The root cause of this worrying situation stems from the withdrawal of more than 6,000 Ether in liquidity from the meme coin’s smart contracts, an action that…
Read more
A crypto trader that made and then lost more than $1 million on $BALD, a meme coin that exploded to a market cap of $100 million over the weekend before crashing in price due to an apparent rug pull scam is touting a new low cap meme coin on Base called Toshi ($TOSHI). Base is…
Read more
Connections can be found between Sam Bankman-Fried’s trading firm Alameda Research and the deployer of an alleged crypto scam called BALD. According to members of the crypto community who have analyzed on-chain data, the deployer of the meme coin, which was built on Coinbase’s new layer 2 blockchain Base, has in the past interacted with…
Read more
On July 30, a meme coin called BaldBaseBald (BALD) launched on Base Network, Coinbase’s new Layer 2 built on Optimism. The coin referenced Brian Armstrong, Coinbase’s “bald” founder, and quickly became a coordination point for speculators on the frontier chain. Within two days, the token had reached a market cap of $100 million, with over…
Read more
The BALD memecoin collapsed in price as collectors alleged an exit scam, but the developer claims not to have sold any coins. A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled 1,034 Ether in liquidity, worth approximately $1.9 million, from the market, according to social media reports and blockchain data.…
Read more
