On April 15, 2024, Grand Base, a real-world asset tokenization platform on Base, was exploited when a developer PC was hacked, exposing the deployer wallet with token minting and LP control. The attacker minted 808.57 ETH worth of GB tokens (~$1.7-2.5M) and sold them, causing a >99% price crash.

Grand Base, a real world assets platform built on the Base layer-2 blockchain, the team behind the project claimed that the deployer wallet had been compromised, allowing an attacker to drain the project's liquidity pool. Altogether, 615 ETH (~$2 million) was taken from the project. On April 20th, Grand Base tweeted that during the token reboot process, the team had managed to retrieve our veNFTs from the hacked address and transferred them to a multi-sig wallet. The veNFT position represents and amount of $225,000 and will be used to build robust liquidity when the time comes.