MYSTCL News
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2024
Apr / 09- Memecoin Surge Fuels Coinbase's Layer 2 Amidst Security Woes
- Apr 09, 2024 at 05:30 am
- Since the implementation of the Dencun upgrade on Ethereum layer 2s, Coinbase's Base has experienced a surge in users, transactions, and total value locked, largely driven by speculative memecoin trading. However, an investigation reveals that the majority of Base memecoins have security vulnerabilities that could lead to significant financial losses, with almost one in five being deliberately malicious and employing various tactics to steal user funds.
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