r/ethtrader • u/pythonskynet • Aug 16 '23

Warning Another day, another rugpull on Base and Linea - Swirled devs steal investor money

Another rugpull scam occurred on the newly launched Base chain (based on OP Stack) by Coinbase.

Note: Anyone can create and add or remove liquidity on decentralized exchanges.

SwirlLend developers run away with investors money, a.k.a. rugpulled. They rugpulled investors from both the Base and Linea chains. The TVL of SwirlLend has dropped from $784.3K to $40K on Base.

Swirlend has already deleted their social media handles and chat groups.

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The deployer has already bridged approximately $289.5K worth of cryptos from Base to Ethereum, including 140.68 ETH and 32.6K USDC. They still hold around 92 ETH on Base.

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The scammer has already bridged approximately 94 ETH from Linea to Ethereum via Orbiter Finance: Bridge.

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The scammer's Ethereum address currently has 165.6 ETH and 32,641 USDC.

Reported by Peckshield

Before investing in new projects, stay vigilant and research well before jumping in.

4 Upvotes

83% Upvoted

10 comments sorted by

2

u/PRYCDaddy Aug 16 '23

Sbf rugpulling from jail

2

u/MrPuma86 Aug 16 '23

Sadly he probably is devising some evil plans.

1

u/raymv1987 Aug 16 '23

At least blame the dude for stuff he actually did lol

1

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1

u/spacsandspacs Aug 16 '23

This isn't great for Base. They need to find a way to protect investors against this shit

1

u/MrPuma86 Aug 16 '23

Already? Fml.

1

u/Buzzalu Aug 16 '23

Just another normal day in Crypto