- BALD meme coin exploiter tweeted about his next target, hinting at SushiSwap, a DEX built on the Ethereum blockchain.
- Coinbase’s BASE-based DEX LeetSwap is still reeling from its exploit, BALD meme coin deployer tweeted about his search for a reputable DEX.
- SUSHI price rallied 15.3% from August 1 low of $0.651, the DeFi token is trading at $0.727 at the time of writing.
The entity behind the Twitter handle @BaldBaseBald has represented themselves as the deployer of the BALD meme coin exploit. After the rug pull on August 1, the deployer hinted at a search for new targets, naming the DEX SushiSwap.
Also read: BALD rug pull wipes out 90% of value, hitting Base DEX LeetSwap: A timeline of events
BALD deployer lists next target in recent tweets
The exploiter behind BALD meme coin rug pull event identifies as @BaldBaseBald on X (formerly Twitter). The attacker named Sushi Swap in a recent tweet and informed the crypto community that the plan is subject to change as long as there is a reputable DEX with a low chance of exploit before adding back a very modest amount of liquidity.
sushiswap https://t.co/hJCUkwFUiT
— Bald (@BaldBaseBald) August 2, 2023
In their previous tweets, the attacker explained that the BALD meme coin has an inherent value of 0 and the meme coin had no roadmap, no fundamentals. The Coinbase Layer 2 BASE-based DEX LeetSwap, where the BALD liquidity pool was hosted, was targeted by a DDOS attack on August 1.
With the help of developers in the community, LeetSwap recovered around 197 Ether.
Been working with a couple of white hat devs since last night, we're working on the tax tokens now. Thank you for your patience.
— LeetSwap (@LeetSwap) August 1, 2023
We recovered 197 ETH so far from the liquidity pools.
I will now take a little rest and get back in a couple of hours to write a post-mortem.
SUSHI price rallied 15% overnight, is Sushi Swap next?
There is no definitive evidence hinting at Sushi Swap being the next target, other than the exploiter’s tweet, at the time of writing. Sushi Swap’s native token SUSHI rallied 15% from its August 1 low of $0.651, on Binance.
At the time of writing, the native DEX token is trading at $0.727.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Crypto fraud soars as high-risk addresses on Ethereum, TRON networks receive $278 billion
The cryptocurrency industry is growing across multiple facets, including tokenized real-world assets, futures and spot ETFs, stablecoins, Artificial Intelligence (AI), and its convergence with blockchain technology, as well as the dynamic decentralized finance (DeFi) sector.
Bitcoin eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows
Bitcoin price is stabilizing around $95,000 at the time of writing on Tuesday, and a breakout suggests a rally toward $100,000. The institutional and corporate demand supports a bullish thesis, as US spot ETFs recorded an inflow of $591.29 million on Monday, continuing the trend since April 17.
Meme coins to watch as Bitcoin price steadies
Bitcoin price hovers around $95,000, supported by continued spot BTC ETFs’ inflows. Trump Official is a key meme coin to watch ahead of a stakeholder dinner to be attended by President Donald Trump. Dogwifhat price is up 47% in April and looks set to post its first positive monthly returns this year.
Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities
Cardano co-founder Charles Hoskinson announced Monday that Bitcoin is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.