May 2024 - Based Doge Tax Vulnerability Exploited - $17k (Global)

BOGE is shaking things up in the world of meme coins, bringing a fresh and fun vibe to the BASE blockchain scene.

Born from the playful world of memes, this iconic new token is here on BASE to sprinkle some excitement and good vibes into the crypto community.

"Below we point you to a section of code within Normies and Boge's contract that we believe facilitated the Exploit.

Normie and Boge share the same contract and we suggest you compare your memecoins contract to Normie and boge's

To do this head to Basescan, paste your coins contract address in the seach bar, scroll down and select contract and start comparing."

"$17k $16,926 (91.4 M BOGE)"

"An attacker minted 91 million BOGE tokens and crashed its price, relying on a similar vulnerability as the Normie exploit one day earlier."

"Memecoin protocol Based Doge (BOGE) on the Base network was exploited on May 27, the team has confirmed. The attack was “the same as Normie,” the team stated, implying that the attacker exploited a vulnerability similar to the one that caused the recent Normie exploit."

"BOGERS

We regret to inform you that BOGE was recently compromised by a hacking incident (the same as Normie). However, we want to assure you that our team is fully committed to the project's success and to your continued trust and support.

We have taken a snapshot of all current holders and are preparing to relaunch the project. Our primary focus is on ensuring that every one of you is taken care of during this transition. We will redistribute the total supply of BOGE tokens to all holders at no cost.

Thank you for your patience and understanding during this challenging time. We remain dedicated to building a secure and prosperous future for BOGE and its community.

Stay tuned for further updates, and rest assured, we are working tirelessly to make things right."

"$BOGE is now officially live on Base, and airdrops have been successfully sent to holders!

For those on MEXC, the process takes a bit longer. Your airdrops should be available in your MEXC account within the next 24 hours.

Please note: If you bought $BOGE after the exploit, you are not eligible for the airdrop."

"We want to address an issue regarding MEXC, which represented only 3% of our holders.
As you know, the exploiter was able to mint tokens and dump them all at once, significantly increasing the supply. MEXC demanded that we send them 30% of our supply because the post-exploit holders, who bought BOGE at a negligible price (-99%), now represented 30% of the supply. However, we had already airdropped 94% of the supply to our on-chain holders.

Our proposal was to airdrop the pre-exploit holders and refund the others for their purchases up until May 28, when deposits were blocked on MEXC.

Unfortunately, MEXC chose to delist BOGE instead of supporting our approach and insisted on having 30% of the supply. As MEXC is unable to provide us with a CSV file of the holders, we are obliged to conduct the airdrop manually, holder by holder."

Further Analysis

Boge (Based Doge) is a memecoin on the Base blockchain. There was an exploit in the smart contract (similar to Normie) which was used to mint and sell 91 million BOGE tokens. The team relaunched the token in a new smart contract, and appears to have airdropped all of the original holders with the same number of BOGE as they originally had.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

Orion Network Set Liability Vulnerability > > < < RedKeysGame Random Number Exploit

Sources/Further Reading

t.me/QuadrigaInitiative

/r/QuadrigaInitiative

@QuadrigaInit

info@quadrigainitiative.com

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