GemPad Exploit Affects DUB Token and ALB Holdings

🚨 GemPad Exploit Plot Twist

By Alien Base
Dec 19, 2024, 2:47 PM
twitter

A significant exploit on GemPad has impacted multiple tokens on Base network, including community-created $DUB token.​ The attacker managed to bypass lock protections through an undisclosed mechanism, acquiring and dumping a substantial amount of $ALB tokens.​

Key points:

  • Exploit activity has concluded
  • GemPad contracts have been paused
  • Alien Base platform remains secure
  • Users advised to withdraw LP from DUB pool

Status Update: While Alien Base was not directly compromised, $ALB experienced collateral damage.​ Further information and remediation plans will be shared once available.​

Action Required: Remove liquidity from DUB pool until situation stabilizes.​

Sources

The worst of the exploit is over as the hacker finished their $DUB and $ALB and the contracts have been paused on the @TheGemPad side. It’s important to note that our platform was not directly involved, but unfortunately $ALB suffered collateral damage. We’ll share more

Alien Base
Alien Base
@AlienBaseDEX

It appears that a fairly large exploit has occurred on Gempad, which has unfortunately involved one of the tokens made by our community members, $DUB. We’re still investigating the issue, but several tokens on Base were affected. The exploit was able to override lock

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