Incident All ledgers
Bald: $23.0m
Bald lost $23.0m on 2 August 2023. Ranked 123rd of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 2 August 2023
- Lost
- $23.0m
- Returned or repaid
- None recorded
- Target
- DeFi Protocol
- Category
- Rugpull
- Method
- Liquidity Rug
- Chains
- Base
On 31 July 2023, the anonymous deployer of the BALD memecoin on Base pulled the token's two-sided liquidity, which had been added two days after launch, and the price fell about 90%. The record puts the amount at $23 million.
Against the ledger
- It ranks 123rd of the 1,272 incidents with a known loss, and 15th in 2023.
- It accounts for 38.4% of the $59.9m in known losses in August 2023.
- 40 incidents in the ledger are classified as Rugpull, for $284.7m in total. This one is 8.1% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 04 Mar 2021 | Meerkat Finance | $31.0m | DeFi Protocol | Admin Drain | — |
| 23 Jun 2021 | StableMagnet | $27.0m | DeFi Protocol | Backdoor Contract | — |
| 20 Feb 2019 | Coinbin | $26.0m | CEX | Admin Drain | — |
| 25 Nov 2021 | Snowdog | $18.1m | DeFi Protocol | Liquidity Rug | — |
| 26 Aug 2023 | PEPE | $15.1m | Token | Admin Drain | — |
All failures in 2023 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Bald, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/bald-2023-08-02/. How this is built