According to Foresight News, the Al Launchpad CreatorBid, hosted on Base, announced that its planned public sale on December 9 at Fjord Foundry was disrupted by a DDoS attack and other system breaches, including circumvention of maximum purchase limits. As a result, the sale was unsuccessful. CreatorBid has committed to refunding all funds received during the sale to legitimate participants. The company plans to collaborate with KYC provider Fractal to conduct AML/KYC checks on participants' wallets to ensure that refunds are not issued to malicious actors. The team is currently assessing the next steps for launching the new token.
In response to this situation, crypto investigator ZachXBT expressed concerns, stating, "I hope you are aware that Fractal leaked thousands of KYC details earlier this year. If you consider them trustworthy, it seems your team has not conducted basic due diligence." This comment highlights potential risks associated with relying on Fractal for KYC processes, given their past security issues. CreatorBid's decision to partner with Fractal may raise questions about the robustness of their security measures and the thoroughness of their due diligence process. The incident underscores the challenges faced by blockchain projects in ensuring secure and successful token sales, particularly in the face of sophisticated cyber threats.