Grand Base Hack
What happened
Grand Base on Base lost roughly $1.7 to $2 million after a reported deployer-wallet compromise gave an actor token mint authority and liquidity-pool control. The actor minted GB, sold it into liquidity, and bridged proceeds to Ethereum.
A deployer or LP-control wallet retained privileged token minting and liquidity authority. Its reported compromise allowed unauthorized token issuance and immediate sale into protocol liquidity.
How it happened
An actor with deployer-wallet authority minted approximately 32.5 million GB and sold the newly minted tokens into the liquidity pool. The proceeds were moved from Base toward Ethereum. Grand Base warned users to stop interacting, asked liquidity providers to remove funds, and said it was coordinating with exchanges on potential freezes.
The incident was an administrative-control compromise and token mint-and-dump, not a smart-contract logic exploit or a flash-loan attack.
Protocol details
Evidence
- report @PeckShieldAlert incident report twitter.com
- report @CyversAlerts incident report twitter.com
- report Grand Base Incident rekt.news
- report Grand Base Hack Report beincrypto.com
- transaction Grand Base Mint Transaction basescan.org
- transaction Grand Base Second Mint Transaction basescan.org
- analysis DeFiLlama defillama.com
- analysis Grand Base Private-Key Compromise olympix.substack.com
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