Base and Linea Users Lose $460,000 as SwirlLend Vanishes in Suspected Exit Scam

SwirlLend, an Ethereum Layer 2 lending project active on the Base and Linea networks, has reportedly pulled off an exit scam that has resulted in the disappearance of an estimated $460,000 in user deposits. According to a comprehensive on-chain analysis conducted by cybersecurity firm PeckShield, the SwirlLend team purportedly withdrew approximately $290,000 from the Base network and around $170,000 from the Linea network, subsequently funneling these assets to the Ethereum blockchain. ... Read More: Base and Linea Users Lose $460,000 as SwirlLend Vanishes in Suspected Exit Scam