Hackers gained control of Grand Base deployer contracts through the attack.
Real-world asset tokenization protocol Grand Base , which operates on Coinbase’s native layer-2 blockchain, has suffered $1.7 million in losses after a private key compromise.
The Grand Base Telegram admin reiterated that"this token contract is NOT safe anymore and you should NOT swap or interact with it, stay safe. We will update you asap on the next step." A subsequent post from Grand Base staff claims that developers have"tracked all the wallets of the hacker” and are awaiting its next move. “We are in talks with CEXs to freeze any funds that he might move,” Grand Base staff added.Users were not impressed with news of the Monday hack.
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