- BaseBaldBase, the deployer of the BALD exploit, signaled its next target as SushiSwap.
- The deployer informed the community about the risk of investing in BALD, pointing out the deployer’s total control over the token.
- Sushi Token surged by more than 8% despite the attacker’s signal.
BaldBaseBald, the pseudonymous entity on Twitter that self-acknowledged as the deployer of the BALD memecoin hack, recently hinted at its next target as SushiSwap. In his latest tweet, BaldBaseBald has simply mentioned the name “sushiswap,” reminding the community that the current plan is “subject to change”.
Following the recent rug pull that evoked controversies, BALD’s mysterious hike in the market cap crumbled down, wiping out $100 million in its market cap. The rug pull has also resulted in a grave decline in its price by more than 90%, falling from its all-time high of $0.0938. The previous day’s implausible performance of the coin had also created both excitement and anxiety among the community, while the BALD price skyrocketed by a staggering 10,000%.
Prior to the recent tweet, BaldBaseBald took to Twitter to warn the crypto community against the risk of investing in memecoins in general and BALD in particular. He asserted that the BALD coins are controlled by the deployer address who is free to “do whatever with them”. Further, the entity alerted:
If you still decide to trade this token you will probably lose all your money (if you somehow haven’t already). This is a memecoin. There is no roadmap. The fundamental value of this token is $0. There is no BALD team. There is only a deployer and an immutable contract.
The series of tweets shared by BaldBaseBald also reiterated that the net value of the token is zero, with the profits made by the deployer from the token calculated as nonprofits. The tweet added that the plan might change to “wait as long as it takes until there’s a reputable dex with at least somewhat low chance of exploit before adding back very modest amount of liquidity.”
Meanwhile, there had been assumptions that the deployer of the BALD rug pull was the FTX founder Sam Bankman-Fried, based on a connection between the wallet involved in the transaction and FTX, as discovered by on-chain sleuths on Twitter. A crypto figure, known as hype on Twitter, invited the community’s attention toward the parallel structure of Bankman-Fried’s and the deployer’s tweets.
Nonetheless, SushiSwap has exhibited a massive surge amid the attacker’s hints, reaching a two-week high of $0.7466. Currently trading at $0.7264 with an increase of more than 8% in one day, Sushi is ranked 156 in market cap.
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