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Grand Base, an RWA tokenization platform on the layer 2 Base network, experienced a significant security breach leading to a loss of approximately $2 million due to a private key leak. The exploit involved the compromise of the deployer wallet, which was used to mint GB tokens, causing a drastic drop in token price by over 99%. Approximately 525 ETH, valued around $1.7 million, was transferred to Ethereum wallets. Following the incident, Grand Base issued a warning advising against interacting with the GB token contract and urged liquidity providers to remove their funds as soon as possible.
UPDATE: DeFi protocol grandbase_fi rocked by $2 million exploit, highlighting vulnerabilities within the ecosystem. More details #Base (By: @ComposableD) https://t.co/WCWczL2kAz
Breaking: EVM clone @base blockchain asset tokenization protocol Grand Base @grandbase_fi loses $1.7m due to private key leak 👀 "Please remove your LP asap, we are very sorry for what happen," wrote a Grand Base admin. Claiming an "exploit" as usual. We will have to wait for… https://t.co/R7cOu86TZn
Grand Base, an RWA tokenization platform on the layer 2 Base network, suffered a major security breach https://t.co/wnA0mBV541
