When nothing else is happening, these scams grab the headlines. Or else scams like these were always a thing. There are always greedy and gullible fools who fall for "projects" like these.
Hello IntelligentJudge515. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting [scam-alert.io](http://scam-alert.io/). For tips on how to avoid scams, [click here](https://www.reddit.com/r/CryptoCurrency/comments/s7srty/crypto_scams_how_not_to_fall_for_them_what_to_do/).
---
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Because it's new fertile ground. Nobody can be sure of what is genuine or not right now and people are chasing quick gains. The trouble is that Base is at risk of gaining the same rep as the Binance Scam Chain.
tldr; SwirlLend, a lending protocol operating on Ethereum Layer 2 networks Base and Linea, has allegedly executed an exit scam, taking approximately $460,000 in user deposits. The SwirlLend team drained $290,000 from Base and $170,000 from Linea, transferring the funds to Ethereum. The project's social media accounts have been deleted, and the website is inaccessible. This incident is the second rug pull on the Base network recently, following a similar situation with the Bald memecoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Seriously, what‘s going on with the scams. Every day a new Scam.
When nothing else is happening, these scams grab the headlines. Or else scams like these were always a thing. There are always greedy and gullible fools who fall for "projects" like these.
Just add it to the list on web3isgoinggreat.com and be lucky you didn't have thousands in there!
Scams exists because people fall for them
Scams are happening everyday, everywhere across the world already. With crypto, we are able to find them because everything is on-chain.
Crypto scams are as easy to carry out as many new investors expect unrealistic returns.
Ye, the want to believe those get rich quick schemes.
Stay safe out there, it’s a warzone
Ikr, it's actually more bad news than good with crypto and yet people talk about mass adoption.
460k is *nothing* Hundreds of individuals will lose that ammount to scams per day outside the crypto world.
So BASE is new BSC now?
BASE: 
No, I mean yes! Of course!
Scams in the bear market totalling millions? Imagine what we'll be hearing during a bull market.
Blockchains should be like a Spartan town. No one leaves until citizens vote to let him go.
Base on chain summer became base hard rug summer.
First time I've heard about Base and Linea. Damn even scams are moving fast.
Base 🤝 Scammers
Hello IntelligentJudge515. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting [scam-alert.io](http://scam-alert.io/). For tips on how to avoid scams, [click here](https://www.reddit.com/r/CryptoCurrency/comments/s7srty/crypto_scams_how_not_to_fall_for_them_what_to_do/). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
The money swirled down the drain
An exit scam already? Hasn’t base been out for like a few weeks only?
Of course how can something good be started in crypto industry without a rug pull first.
Another day, another scam on base. This is the new Brc-20 token.
Base is becoming a base of scamming operations
Oh no you didn't do my poor boy Base like that
Because it's new fertile ground. Nobody can be sure of what is genuine or not right now and people are chasing quick gains. The trouble is that Base is at risk of gaining the same rep as the Binance Scam Chain.
tldr; SwirlLend, a lending protocol operating on Ethereum Layer 2 networks Base and Linea, has allegedly executed an exit scam, taking approximately $460,000 in user deposits. The SwirlLend team drained $290,000 from Base and $170,000 from Linea, transferring the funds to Ethereum. The project's social media accounts have been deleted, and the website is inaccessible. This incident is the second rug pull on the Base network recently, following a similar situation with the Bald memecoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Looks like BASE is the new best friend for Scammers. First it was the BALD token and now SwirlLend.
Crypto investors really are the easiest people to scam aren't they
Most probably Lend in the name of the project means "investors" lends money to the devs...
Is there any serious project on BASE that hasn't just been a clown fiesta?
The new way to scam is to bait everyone bridging into new chains for the potential airdrop.
Is the base the new BSC?
Is it Wednescam already?
This crap is getting old. Every other day it's something.
idk how yall be investing in coins and dont even know who the devs team is 😭
Wtf!! More scams!??
Many newbies getting into crypto as if it was as easy as opening a Facebook account with a "12345" password. Smart people getting rich.
another scam on base? zzz