Bitcoin
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$68,337.00 0.8697
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$3,748.76 -0.85462
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$595.17 -0.28043
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$166.75 -1.5571
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$0.5197560 -0.73985
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$0.0000259 -6.25622
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$0.0000144 -2.83917
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$0.0000340 -8.52648
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Bitcoin
Bitcoin (BTC)
$68,337.00 0.8697
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Ethereum
Ethereum (ETH)
$3,748.76 -0.85462
Ethereum price
BNB
BNB (BNB)
$595.17 -0.28043
BNB price
Solana
Solana (SOL)
$166.75 -1.5571
Solana price
XRP
XRP (XRP)
$0.5197560 -0.73985
XRP price
Shiba Inu
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$0.0000259 -6.25622
Shiba Inu price
Pepe
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$0.0000144 -2.83917
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Bonk
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$0.0000340 -8.52648
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Bitcoin
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$68,337.00 0.8697
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Ethereum
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$3,748.76 -0.85462
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BNB
BNB (BNB)
$595.17 -0.28043
BNB price
Solana
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$166.75 -1.5571
Solana price
XRP
XRP (XRP)
$0.5197560 -0.73985
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -6.25622
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -2.83917
Pepe price
Bonk
Bonk (BONK)
$0.0000340 -8.52648
Bonk price
Bitcoin
Bitcoin (BTC)
$68,337.00 0.8697
Bitcoin price
Ethereum
Ethereum (ETH)
$3,748.76 -0.85462
Ethereum price
BNB
BNB (BNB)
$595.17 -0.28043
BNB price
Solana
Solana (SOL)
$166.75 -1.5571
Solana price
XRP
XRP (XRP)
$0.5197560 -0.73985
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -6.25622
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -2.83917
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Bonk
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$0.0000340 -8.52648
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SirWin
SirWin
SirWin

Defi platform on Base network experiences $2m hack

base-hack-defi-network
Edited by
News
Defi platform on Base network experiences $2m hack

Grand Base, an RWA tokenization platform on the layer 2 Base network, suffered a major security breach. 

According to web3 security firm Cyvers, the breach occurred on Grand Base’s deployer wallet, as the attacker gained full privileges to mint the defi protocol’s native token, GB. Following the breach, the price of Grand Base plummeted nearly 99%. 

The attacker swapped the GB tokens for 615 ETH. Cyvers analysts provided crypto.news with exclusive insights regarding the incident, emphasizing that such a breach has been rare on the Base network.

“With a $2M loss in unauthorized transactions, today’s breach at Grand Base starkly illustrates the vulnerability of Defi ecosystems. The compromised deployer’s wallet losing access control raises concerns, emphasizing the urgency for heightened security protocols and vigilant monitoring to safeguard against such devastating losses in the future.” 

Deddy Lavid, CEO at Cyvers

Grand Base has affirmed the breach on social media, saying that the team has tracked the hacker’s wallets and is actively working with CEXs to freeze the funds. 

Last year, crypto hacks cost the industry a staggering $2 billion. January also saw a massive influx of cyberattacks, as hackers stole nearly $50 million from the market.