Furthermore, it appears that those responsible for SwirlLend rug pull, have executed the transfer of a significant volume of cryptocurrency from the Base blockchain to the Ethereum blockchain. To be precise, they have moved around $289.5K worth of various cryptocurrencies, encompassing 140.68 ETH and 32.6K USDC, from the Base platform to Ethereum. Additionally, they still retain approximately 92 ETH on the Base blockchain.

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Interestingly, even though Coinbase’s Base blockchain launched just a week ago with relatively limited secured capital, it has already experienced a collection of fraudulent activities and security breaches. SwirlLend, a lending protocol active on both Base and the recently established Linea chain, swiftly drained a combined total of $460,000 from these two chains right after its initiation, subsequently erasing its presence from social media platforms.

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