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$130,000 Vanishes Into Thin Air: BaseBros Fi’s Epic DeFi Heist Exposed!

Crypto NewsDeFiHack Doug Martinez September 16, 2024

A illustration depicting a dark cloud engulfing a blockchain with a broken lock on it. A figure is seen running away from the scene carrying a large bag of money, while behind them lies a trail of scattered coins and debris. In the distance, two figures are shown shaking hands in appreciation.

Another day, another BaseBros Fi – that’s what I like to call it when some anonymous genius decides to pull off a rug-pull on their unsuspecting investors. It seems the DeFi protocol had about as much integrity as a used car salesman and decided to delete its website and social media accounts after siphoning $130,000 from users’ investments through an unaudited smart contract. I mean, who needs audits when you can just wing it and hope no one notices? The fact that ChainAudits found the protocol had audited four of five smart contracts only adds to the hilarity – what were they even doing with those extra two un-audited ones?.

Source: cointelegraph

Base DeFi project disappears after rug pull
https://cointelegraph.com/news/basebros-fi-defi-rug-pull-smart-contract-base
BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol on Base blockchain, disappeared from the internet after stealing its users’ investments through an unaudited smart contract.  On Sept. 13, BaseBros deleted its official website and social media accounts on X and Telegram. Blockchain security firm Chain Audits, who had previously audited some BaseBros smart contracts, found that the DeFi project orchestrated a rug pull via “an unaudited and unverified Vault […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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