BASE DEFI PROJECT DISAPPEARS AFTER RUG PULL

The world of Decentralized Finance (DeFi) promises innovation and financial freedom, but it also harbors significant risks.A stark reminder of this reality unfolded recently with the disappearance of BaseBros Fi, a DeFi protocol operating on the Base blockchain. BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol on Base blockchain, disappeared from the internet after stealing its users investments through an unaudited smart contract. On Sept. 13, BaseBros deleted its official website and social media accounts on X and Telegram. Blockchain security firm Chain Audits, who had previously audited some BaseBros smart contracts, [ ]In what's become a depressingly familiar story, BaseBros Fi executed a classic ""rug pull,"" vanishing into thin air after allegedly stealing approximately $130,000 worth of user funds. BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract.This incident serves as a critical lesson for anyone venturing into the often-murky waters of DeFi, highlighting the importance of due diligence, smart contract audits, and understanding the inherent vulnerabilities within unaudited projects. More and more decentralized finance (DeFi) projects are facing problems related to fraud. On Septem, the BaseBros project on the Base blockchain disappeared after a classic rug pull . The project deleted its official social media accounts after stealing user funds through an unverified smart contract.The BaseBros Fi case isn't an isolated incident; similar scams, like the recent SwirlLend rug pull, where approximately $460,000 was stolen, plague the industry. Chibi Finance, an Arbitrum-based DeFi project, is being hit with allegations of rug pull after it disappeared with $1 million worth of various tokens.These events underscore the need for heightened vigilance and a cautious approach to investing in emerging DeFi protocols. BaseBros Fi, a DeFi protocol on Base blockchain, vanishes after orchestrating a rug pull via an unaudited smart contract, stealing $130,000 of user funds.This article will delve into the specifics of the BaseBros Fi rug pull, explore the mechanics of such scams, and provide practical advice on how to protect yourself from becoming a victim.

The BaseBros Fi Rug Pull: A Detailed Look

BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol on the Base blockchain, promised users high returns on their crypto investments.However, behind the facade of innovation lurked a malicious scheme. BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract. BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol on Base blockchain, disappeared from the internet after stealing its users investments through an unaudited smart contract. On Sept. 13, BaseBros deleted its official website and social media accounts on XOn September 13th, BaseBros Fi abruptly deleted its official website and social media accounts on platforms like X (formerly Twitter) and Telegram, effectively vanishing from the internet.

Blockchain security firm Chain Audits, which had previously conducted audits on some of BaseBros' smart contracts, discovered that the project owners exploited an unaudited Vault contract. BaseBros Fi disappeared after a rug pull, erasing its website and social media accounts; Chain Audits revealed the scam involved an unaudited Vault contract, allowing project owners to secretly withdraw user funds; The scammers stole $130,000 in crypto and laundered it through Tornado Cash.This contract contained a backdoor vulnerability, allowing the BaseBros team to secretly withdraw user funds without authorization.The stolen funds, amounting to approximately $130,000, were then reportedly laundered through Tornado Cash, a cryptocurrency mixer designed to obscure transaction origins, making it difficult to trace the flow of funds.

The entire operation was a carefully orchestrated scam, designed to lure in unsuspecting investors with promises of high yields and then disappear with their funds.The BaseBros Fi case perfectly illustrates the devastating consequences of investing in unaudited and unverifiable DeFi projects.

How Rug Pulls Work: A Step-by-Step Breakdown

Understanding the mechanics of a rug pull is crucial for identifying potential scams and protecting your investments. Welcome back to the channel today we are going to be talking about Base DeFi project disappears after rug pull.BaseBros Fi, a DeFi protocol on the Base blockHere's a typical rug pull scenario:

1. Project Creation & Hype Generation: Scammers create a seemingly legitimate DeFi project, often promising innovative features, high yields, and a dedicated team.They build hype through social media marketing, online communities, and paid promotions.
2. Token Launch & Liquidity Pool Setup: The project launches its own token and encourages users to buy it and deposit it into a liquidity pool on a decentralized exchange (DEX). BaseBros Fi vanished after executing a rug pull through an unaudited contract, stealing $130,000 and wiping its website and social media accounts. Base Defi attack was carried out via an unverified Vault contract, allowing BaseBros to siphon user funds unnoticed before disappearing from the internetThis pool is paired with a more established cryptocurrency like Ethereum (ETH) or USD Coin (USDC).
3. Unaudited Smart Contract Exploitation: The project's smart contracts, often deliberately left unaudited, contain malicious code or backdoors that allow the developers to drain the liquidity pool.This is the core of the rug pull.
4. Executing the Rug Pull: Once a significant amount of funds is accumulated in the liquidity pool, the scammers quickly sell their holdings for a profit, driving the token price to zero.They often withdraw all liquidity from the exchange, leaving investors with worthless tokens.
5. Disappearing Act: After executing the rug pull, the scammers delete their website, social media accounts, and all traces of the project, making it nearly impossible to track them down.

Red Flags: Identifying Potential Rug Pulls

While no method is foolproof, there are several red flags that can help you identify potential rug pulls and avoid becoming a victim. News Update Base DeFi project disappears after rug pull blockchain tokenize finance securityBe wary of projects exhibiting the following characteristics:

• Unaudited Smart Contracts: This is the most critical red flag.Always verify that a project's smart contracts have been thoroughly audited by reputable security firms.If they haven't, proceed with extreme caution.
• Anonymous or Doxxed Team: While anonymity is common in crypto, a completely anonymous team with no verifiable credentials should raise suspicion. BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract. Search and Discover the latest Cryptocurrency updated Stories in Categories: Crypto News about Blockchain, Technology and more, only from Top Leading Sources.Conversely, a fully ""doxxed"" team doesn't guarantee safety either; doxxing can be faked or inaccurate. Base DeFi project disappears after rug pullLook for teams with a proven track record and transparent communication.
• Unrealistic Promises: Promises of exceptionally high and guaranteed returns are a major red flag. BaseBros Fi, a decentralized finance (DeFi) protocol on the Base blockchain, vanished from the web after committing a rug pull, absconding with users' investments through an unaudited smart contract. On September 13, BaseBros wiped out its official site and social media presence on X and Telegram. Chain Audits, a blockchain security firm that audited some BaseBros smart contracts, discoveredDeFi yields can be attractive, but they also come with significant risk. Chibi Finance Vanishes After Stealing Over 90,000 Arbitrum (ARB) Tokens. The team behind Arbitrum (ARB) based DeFi project Chibi Finance disappeared after stealing user deposits worth approximately $1 million. The rug pull involved 90,563.95 Arbitrum (ARB) tokens staked by Chibi Finance s users.If it sounds too good to be true, it probably is.
• Lack of Transparency: A legitimate project will be transparent about its development progress, team members, and tokenomics. BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract.Continue reading Base DeFi project disappears after rug pull The posIf information is scarce or difficult to find, be cautious.
• Aggressive Marketing: While marketing is necessary, overly aggressive or pushy marketing tactics, especially those targeting inexperienced investors, can be a sign of a scam.
• Low Liquidity: Low liquidity in the token's trading pool makes it easier for scammers to manipulate the price and drain the pool during a rug pull.
• Suspicious Code: Even if you're not a developer, you can look for publicly available reviews or analyses of the project's code by security experts.

The Importance of Smart Contract Audits

As the BaseBros Fi case illustrates, smart contract audits are essential for mitigating the risk of rug pulls and other exploits. BaseBros Fi, a DeFi protocol on the Base blockchain, has vanished after executing a rug pull via an unaudited smart contract, stealing approximately $130,000 in user funds. Cryptonews has covered the cryptocurrency industry topics since 2025, aiming to provide informative insights to our readersA smart contract audit is a comprehensive review of a project's code conducted by a third-party security firm to identify vulnerabilities, bugs, and potential security flaws.These audits provide investors with greater confidence in the security and reliability of the project.

However, it's important to note that even audited smart contracts are not completely immune to exploits. Key Notes. BaseBros Fi disappears, deleting its website and social media, leaving users stranded. An unaudited smart contract allowed the BaseBros team to steal over $130,000 in funds.Audits can only identify known vulnerabilities; new or previously unknown flaws can still be discovered after the audit is completed.Furthermore, the quality and thoroughness of audits can vary significantly between firms. Executing the Rug Pull: Once a significant amount of funds is accumulated, the scammers quickly sell their holdings for a profit. They often withdraw all liquidity from exchanges, rendering the token worthless and leaving investors with financial losses. Disappearing: After executing the rug pull, scammers often disappear.Therefore, it's crucial to choose projects that have been audited by reputable and experienced security firms.

What to Look for in a Smart Contract Audit:

• Reputable Audit Firm: Look for firms with a strong track record in blockchain security and a proven history of identifying vulnerabilities.
• Comprehensive Audit Report: The audit report should be detailed and easy to understand, outlining the identified vulnerabilities, their severity, and the recommended fixes.
• Publicly Available Audit Report: The audit report should be publicly available for anyone to review.
• Remediation: Verify that the project team has addressed the vulnerabilities identified in the audit report.

What to Do If You Suspect a Rug Pull

If you suspect that a DeFi project you've invested in is a rug pull, take immediate action:

• Report the Scam: Report the incident to relevant authorities, such as the SEC (Securities and Exchange Commission) or the FBI (Federal Bureau of Investigation). پروتکل مالی غیرمتمرکز BaseBros Fi مبتنی بر بلاکچین Base، پس از اینکه سرمایه های کاربرانش را با استفاده از یک قرارداد هوشمند دزدید، به طور کامل از اینترنت ناپدید شد.While recovery is unlikely, reporting the scam helps to track and potentially prosecute the perpetrators.
• Alert the Community: Warn other potential investors by sharing your experience on social media, online forums, and crypto communities.Spreading awareness can help prevent others from falling victim to the same scam.
• Document Everything: Gather all relevant information, including transaction records, screenshots of the project's website and social media pages, and any communication you had with the project team. Let s check out some examples of the biggest and most notorious rug pulls in the DeFi space. 1. Thodex. Thodex was the first and biggest Turkey-based centralized exchange. Its owner, Faruk Fatih zer, was caught and arrested in Albania in 2025 following a massive rug pull in which he reportedly stole more than $2.5 billion.This documentation may be helpful for legal purposes.
• Accept the Loss: Unfortunately, recovering funds lost in a rug pull is often extremely difficult, if not impossible.It's important to accept the loss and learn from the experience.

Examples of Other Notable DeFi Rug Pulls

The BaseBros Fi rug pull is just one of many examples of scams that have plagued the DeFi space. Base DeFi project disappears after rug pull. . BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unauditedHere are a few other notable instances:

• Thodex: A Turkey-based centralized exchange whose owner reportedly stole over $2.5 billion in 2025.
• Chibi Finance: An Arbitrum-based DeFi project that disappeared with approximately $1 million worth of tokens.
• SwirlLend: A lending protocol on Layer 2 networks Base and Linea that disappeared with an estimated $460,000 in user funds.

These examples highlight the widespread nature of rug pulls and the importance of exercising caution when investing in DeFi projects.

The Future of DeFi Security

The increasing prevalence of rug pulls and other DeFi scams has led to a growing focus on security and risk management within the industry.Several initiatives are underway to improve the safety and trustworthiness of DeFi protocols, including:

• Enhanced Smart Contract Audits: Security firms are continuously developing more sophisticated auditing techniques and tools to identify vulnerabilities in smart contracts.
• Formal Verification: Formal verification is a mathematical technique used to prove that a smart contract behaves as intended. The move comes just hours after Chibi launched. The rug pull was made possible after Chibi developers deployed a malicious contract that enabled them to seize investor funds from the project s smart contracts, according to blockchain security firm CertiK. This is the 12th exit scam that occurred on Arbitrum in 2025, CertiK added.While more complex and expensive than traditional audits, it offers a higher level of assurance.
• Insurance Protocols: DeFi insurance protocols allow users to purchase insurance coverage for their crypto assets, protecting them against losses due to hacks, exploits, and rug pulls.
• Regulatory Oversight: As the DeFi space matures, regulators around the world are beginning to take a closer look at the industry and develop regulatory frameworks to protect investors.
• Community Education: Educating users about the risks of DeFi and providing them with the tools and knowledge to make informed investment decisions is crucial for preventing scams.

How Can You Protect Yourself from DeFi Rug Pulls?

Protecting yourself from DeFi rug pulls requires a multi-faceted approach that includes due diligence, risk management, and a healthy dose of skepticism.

• Do Your Research: Before investing in any DeFi project, thoroughly research the project team, tokenomics, smart contracts, and audit reports.
• Start Small: Don't invest more than you can afford to lose. SwirlLend, a lending protocol based on Layer 2 networks Base and Linea, has seemingly executed a rug pull, disappearing with an estimated $460,000 in user funds. According to reports, the project developer drained $290,000 from Base and $170,000 from Linea.Start with a small amount and gradually increase your investment as you gain confidence in the project.
• Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your crypto portfolio across multiple projects to mitigate risk.
• Use Hardware Wallets: Store your crypto assets in a hardware wallet, which provides an extra layer of security against hacks and theft.
• Stay Informed: Stay up-to-date on the latest DeFi scams and security threats. BaseBros DeFi project enacts rug pull, steals over $130k crypto.news, UTC Add similar newsFollow reputable crypto news sources and security firms to stay informed about potential risks.
• Trust Your Gut: If something feels off about a project, don't invest.Trust your instincts and avoid projects that raise red flags.

The Role of Layer-2 Solutions like Base in DeFi Security

Layer-2 solutions like Base, while offering advantages in terms of scalability and lower transaction fees, also introduce new security considerations. BaseBros Fi, a DeFi project on the Base blockchain, disappeared after executing a rug pull scam, stealing $130,000. The scam involved an unaudited smart contract with a backdoor vulnerability. Despite having a presence on social media, the project exploited user funds before vanishing. BaseBros Fi, a DeFi project on the Base blockchain, vanished after a rug pull scam, stealing $130,000The bridge between Layer-1 and Layer-2 can be a potential point of vulnerability.Therefore, understanding the security architecture of the Layer-2 network itself is crucial.

Users should investigate:

• The Bridging Mechanism: How are assets transferred between Layer-1 and Layer-2?What security measures are in place to prevent bridge exploits?
• Sequencer Security: Layer-2 networks often rely on sequencers to order transactions. The cryptocurrency market has seen a rise in fraudulent schemes, with rug pull becoming one of the biggest threats to investors. According to recent statistics, crypto scams resulted in losses of over $7.8 billion in 2025 alone, with rug pulls accounting for 37% of all crypto scam revenue that year.Are these sequencers sufficiently decentralized and secure?
• Data Availability: How is transaction data stored and made available?Is the data availability solution reliable and secure?

Conclusion: Staying Safe in the DeFi Wild West

The BaseBros Fi incident serves as a stark reminder of the risks inherent in the world of DeFi. On September 13, BaseBros deleted its official website and social media accounts on X and Telegram. Blockchain security firm Chain Audits, which had previously audited some BaseBros smart contracts, discovered that the DeFi project orchestrated a rug pull via an unaudited and unverified Vault contract.While the promise of financial innovation and high returns is alluring, it's crucial to approach this space with caution and a healthy dose of skepticism.Remember, DeFi is still a relatively new and unregulated industry, and rug pulls and other scams are unfortunately common.By understanding how these scams work, recognizing the red flags, and taking proactive steps to protect your investments, you can significantly reduce your risk of becoming a victim.Always prioritize due diligence, choose audited projects, and never invest more than you can afford to lose.The future of DeFi depends on building a safer and more trustworthy ecosystem, and that starts with informed and responsible investors.

Key Takeaways:

• Always prioritize smart contract audits. Unaudited contracts are a major red flag.
• Be wary of unrealistic promises and overly aggressive marketing.
• Thoroughly research the project team and tokenomics.
• Diversify your portfolio and never invest more than you can afford to lose.

By following these guidelines, you can navigate the DeFi landscape more safely and increase your chances of success.Stay vigilant, stay informed, and invest responsibly.