A new memecoin on Coinbase’s Base, BALD plunged 85% after its developer pulled the liquidity of 1034 ETH from the market.
Lookonchain noted that the developer has removed all liquidity from the BALD/ETH liquidity pool. Developer first bridged 9385 ETH to Base and currently holds 12,433 ETH with a profit of 3048 ETH in 2 days.
Following its rugpull, several ‘on-chain sleuths’ digged into the matter by tracking the developer’s wallet. With this, the crypto community accuse that the FTX founder SBF is secretly behind this project.
A twitter user by goes the name hype_eth said that there are thousands of ETH between FTX and BALD, developer address has voted on Sushiswap proposals, the address was biggest farmer on DYDX and its posts sounds like SBF and this all ties with Alameda and FTX.
Another Twitter handle, Wu Blockchain, highlighted that that the address had large transfers from FTX and the developer’s another address had $20 million funds transactions relating to Alameda.
It all leads to a conspiracy that the BALD developer is a person related to the now-bankrupt FTX exchange or its sister company Alameda, or even SBF himself.
Several other people strongly agree upon it after finding that the same wallet address made 400 transactions to blacklisted USDT addresses with serious Alameda connections.
The founder of the bankrupt exchange FTX, Sam Bankman Fried (SBF) is currently on bail and is set to go on trial in October.
Also Read: Judge Considers Revoking Bail for SBF of Intimidation Claims
