BasedBrett Solana Brett Token Rug Pulls Via Twitter/X

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BasedBrett Logo/Homepage

Brett, a token based on the mascot of the BASE blockchain and a character from Matt Furie’s Boys' Club comic, has gained popularity as a meme coin within the ecosystem. However, its official Twitter account was recently hacked, with the attacker posting suspicious airdrop links. Although the hack sparked investor panic, leading to reduced market confidence and a 10% price drop, Brett's position in the ecosystem may support a rebound if the price stabilizes. The breach is under investigation and it does not appear that any recovery for victims has occurred.[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50]

About BasedBrett

"Brett is the legendary character from Matt Furie’s Boys' club comic. He is a dancer and loves video games. Now he is living on the BASE blockchain as a Fan tribute. He has become blue mascot of the blue chain, BASE."

"Incoming Transmission... We're thrilled to announce that $BRETT has officially landed on the Solana Blockchain! Our long-term vision is for $BRETT to evolve into the ultimate crypto trend compass--an ETF-like token reflecting the emotions and trends shaping the crypto landscape. Solana, with its speed, scalability, and growing ecosystem, is the perfect home for this innocation."

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

  • When the service was actually started (if different than the "official story").
  • Who actually ran a service and their own personal history.
  • How the service was structured behind the scenes. (For example, there was no "trading bot".)
  • Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

On December 2, 2024, it was reported that the official X account of Brett, a Meme coin on the Base chain, was likely hacked and used to spread a fake Brett token on Solana as well as multiple fake airdrops.

Key Event Timeline - BasedBrett Solana Brett Token Rug Pulls Via Twitter/X
Date Event Description
December 1st, 2024 6:41:00 PM MST First Retweet Of Announcement brypto93 posts the first tweet referencing the fake solana launch.
December 1st, 2024 6:50:00 PM MST Rug Pull Warning Posted "$BRETT dev or someone from the team is now rogue @BasedBrett Be careful!! They are posting from their official X account for $BRETT coin launche on solana and rugging it for 18k profit. Within seconds launched a second coin as well in the same pattern. Check attached video for proof."
December 1st, 2024 7:57:00 PM MST Fake Airdrop Links Posted The BrettBased account is reportedly still hacked and now posting fake airdrop links.
December 2nd, 2024 6:45:00 AM MST Fake Airdrop Links Posted The BrettBased account is reportedly still hacked and still posting fake airdrop links.
December 2nd, 2024 9:48:00 AM MST ODaily News Article Published ODaily publishes a news article reporting that the official X account of Brett, a Meme coin on the Base chain, was likely hacked and used to spread false information. Users are advised to be cautious of associated risks.
December 2nd, 2024 3:30:00 PM MST BeInCrypto Publishes Article BeInCrypto publishes an article. This reports that there was also a malicious airdrop launched as part of the hack.
December 4th, 2024 12:22:00 AM MST First Post After Recovery The BasedBrett team posts on Twitter/X to indicate that they've set up some shelf space in a small convenience store in Malaysia to sell Brett branded candy.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost has been estimated at $18,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

"According to community feedback, the official X account of the Meme token Brett on the Base chain has reportedly been compromised and used to post false information. Please stay vigilant against related risks."

"$BRETT dev or someone from the team is now rogue @BasedBrett Be careful!! They are posting from their official X account for $BRETT coin launche on solana and rugging it for 18k profit. Within seconds launched a second coin as well in the same pattern. Check attached video for proof."

"The Twitter account of @BasedBrett, the blue mascot of the Base blockchain, appears to have been hacked. Users have reported suspicious activity, including unauthorized tweets and potential phishing links. The account's management is investigating the breach and advises followers to avoid interacting with recent posts until the issue is resolved."

Ultimate Outcome

The price of the BRETT meme coin dropped by over 10% within 24 hours, triggered by a hacking incident involving its official Twitter account, which posted suspicious airdrop links. This caused panic among investors and led to a sharp decline in BRETT’s price.

"BRETT price tumbles 10% in 24 hours, triggered by a hacking incident involving its official Twitter account and suspicious airdrop links."

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

Despite the downturn, BRETT remains the leading meme coin in the Base ecosystem, suggesting potential for recovery. Technical indicators show a weakening trend, with the Average Directional Index (ADX) dropping to 30.8, signaling a less intense market direction. Additionally, the Relative Strength Index (RSI) fell from nearly 90 to around 55, suggesting that BRETT is moving toward a neutral position after previously being considered overbought.

Although the coin faces challenges from the recent hack and the resulting negative sentiment, it still has strong market dominance, which may help it recover. If the price continues to fall, support could be found at $0.158, but if the market stabilizes, BRETT might see a rebound and test the resistance level of $0.236.

"Technical indicators show moderation, with ADX weakening to 30.8 and RSI cooling to 55, signaling reduced trend strength. Potential for recovery exists, with market dominance in the Base ecosystem offering resilience to test $0.236 level."

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.

References

  1. ↑ Base链上Meme币Brett X账户疑似被盗并发布虚假消息，请当心风险_快讯-odaily (Accessed Jan 20, 2025)
  2. ↑ @0xTHANKS Twitter (Accessed Jan 20, 2025)
  3. ↑ @basedbrett Twitter (Accessed Jan 20, 2025)
  4. ↑ @brypto93 Twitter (Accessed Jan 20, 2025)
  5. ↑ @Cryptocraze777 Twitter (Accessed Jan 20, 2025)
  6. ↑ @sroobie3 Twitter (Accessed Jan 20, 2025)
  7. ↑ @notvedgpt Twitter (Accessed Jan 20, 2025)
  8. ↑ @0xTHANKS Twitter (Accessed Jan 20, 2025)
  9. ↑ @foochinator Twitter (Accessed Jan 20, 2025)
  10. ↑ @foochinator Twitter (Accessed Jan 20, 2025)
  11. ↑ @DCBA247 Twitter (Accessed Jan 20, 2025)
  12. ↑ @foochinator Twitter (Accessed Jan 20, 2025)
  13. ↑ @MangoToni11 Twitter (Accessed Jan 20, 2025)
  14. ↑ @0xTHANKS Twitter (Accessed Jan 20, 2025)
  15. ↑ @GDirschedl Twitter (Accessed Jan 20, 2025)
  16. ↑ @And__F1 Twitter (Accessed Jan 20, 2025)
  17. ↑ @FigManFlex Twitter (Accessed Jan 20, 2025)
  18. ↑ @assyr1an Twitter (Accessed Jan 20, 2025)
  19. ↑ @DrocksAlex2 Twitter (Accessed Jan 20, 2025)
  20. ↑ @ProTheDoge Twitter (Accessed Jan 20, 2025)
  21. ↑ @freddyfl0ater Twitter (Accessed Jan 20, 2025)
  22. ↑ @Bigballa336501 Twitter (Accessed Jan 20, 2025)
  23. ↑ @furieboysclub Twitter (Accessed Jan 20, 2025)
  24. ↑ @stekisteks Twitter (Accessed Jan 20, 2025)
  25. ↑ @JfoxCrypto_ Twitter (Accessed Jan 20, 2025)
  26. ↑ @cryptosanthoshK Twitter (Accessed Jan 20, 2025)
  27. ↑ @HopiumPapi Twitter (Accessed Jan 20, 2025)
  28. ↑ @BurtsBased Twitter (Accessed Jan 20, 2025)
  29. ↑ @bikramsmann Twitter (Accessed Jan 20, 2025)
  30. ↑ @Polkasol Twitter (Accessed Jan 20, 2025)
  31. ↑ @BasedBrett Twitter (Accessed Jan 20, 2025)
  32. ↑ @hodlh1 Twitter (Accessed Jan 20, 2025)
  33. ↑ @citurna Twitter (Accessed Jan 20, 2025)
  34. ↑ @BurtsBased Twitter (Accessed Jan 20, 2025)
  35. ↑ @jibleeno Twitter (Accessed Jan 20, 2025)
  36. ↑ @lfgnftsopensea Twitter (Accessed Jan 20, 2025)
  37. ↑ @Cryptonomnomz Twitter (Accessed Jan 20, 2025)
  38. ↑ @DragonnSlayerr9 Twitter (Accessed Jan 20, 2025)
  39. ↑ BASED BRETT (Accessed Jan 20, 2025)
  40. ↑ @Bayc364 Twitter (Accessed Jan 20, 2025)
  41. ↑ BRETT Crashes 10% After Twitter Profile Hacking Incident (Accessed Jan 20, 2025)
  42. ↑ @BRETTSPACEs Twitter (Accessed Jan 20, 2025)
  43. ↑ https://www.reddit.com/r/BrettOnBase/comments/1h4p4mr/brett_is_hacked_on_twitterx_follow_crashs/ (Accessed Jan 20, 2025)
  44. ↑ @ragzyart Twitter (Accessed Jan 20, 2025)
  45. ↑ @MattAsh520336 Twitter (Accessed Jan 20, 2025)
  46. ↑ @dethective Twitter (Accessed Jan 20, 2025)
  47. ↑ @EXVULSEC Twitter (Accessed Jan 20, 2025)
  48. ↑ @NewsSenseSol Twitter (Accessed Jan 20, 2025)
  49. ↑ @dethective Twitter (Accessed Jan 20, 2025)
  50. ↑ @harpieio Twitter (Accessed Jan 20, 2025)
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