BaseBros Fi: A Sudden Exit from the DeFi Landscape
Monday, 16 September 2024, 03:57
BaseBros Fi has emerged as a controversial topic after unexpectedly disappearing from the DeFi scene. The project, built on the Base blockchain, has deleted its website and all active social media accounts, leading to confusion and concern among its users. Key points to note include:
- The disappearance raises vital questions about transparency and security.
- Prior audits were missing, which left the project vulnerable to exploitation.
- The missing Vault contract had a backdoor, enabling manipulation by BaseBros.
Such incidents highlight the instability that sometimes plagues DeFi protocols, signaling the importance of thorough due diligence in the crypto space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.