BaseBros Disappears, $130K Stolen in DeFi Rug Pull

What we’ll cover today:

💸 BaseBros Disappears, $130K Gone

🚨 European Crypto Fund Founder Calls Tether $118 Billion Scam

💰 Tokenize Secures Funding From Animoca Brands For Its Blockchain

1. BaseBros Disappears, $130K Gone

What if the project you trusted with your money disappeared overnight?

That’s exactly what BaseBros Fi just pulled off.

On September 13, the DeFi project vanished—the website gone, social media deleted, and, yes, investors' money too.

Here’s what went down:

• BaseBros had over 2,000 followers on X and 3,300 members on their Telegram.

• An unaudited "Vault Contract" contained a hidden loophole.

• This loophole allowed the owners to quietly drain all deposited funds.

• Chain Audits, the security firm, had reviewed most contracts but missed this crucial one.

In one quick move, BaseBros left investors broke and confused.

Here’s the whole article

2. European Crypto Fund Founder Calls Tether $118 Billion Scam

He says:

• Tether is a 118 billion dollar scam; bigger than FTX & Bernie Madoff combined!

• No proof of reserves & an audit has never been done; USDT is printing counterfeit money (fraud)

• Caught falsifying documents, obscuring identities & lying about reserves.

Justin Bons has written a whole Twitter thread on it. Here’s the thread

3. Tokenize Secures Funding From Animoca Brands For Its Blockchain

Tokenize Xchange just secured investment from Animoca Brands to launch its blockchain, Titan Chain.

Why it matters:

• DeFi, GameFi, and NFTs are set to grow with Titan Chain.

• Animoca Brands will be the largest validator on Titan Chain.

• They’ll boost liquidity and trading for Tokenize’s native token, TKX.

Tokenize, founded in 2017, is already regulated in Singapore and Malaysia.

This investment follows their recent $11.5 million funding.

Here’s the whole article