RUG PULL ALERT ⚠️ 99% Drop In Value Occurred 🚨
Recently, GB (Grand Base Token) has experienced a catastrophic drop in value that has caused million of losses (up to $1.7Mmillion). The reason is a hack attack that targeted a liquidity pool. In fact, they stolen a private key and generated millions of unauthorized tokens. These have been then suddenly moved out on an external address. While some analysts minimized the facts saying that the protocol "just" requires enhanced security measures to prevent similar incidents in the future; I do strongly take the distance. In my opinion, when the trust is lost, is lost. Especially those people who invested several money. When crypto projects (e.g. DEXs) include those liquidity pools as a core product, then it's a must of continuous monitoring for maintaining the protocol integrity!
STAY SAFU & DYOR 🙏
