Developer wallet tied to Polymarket user routed ~9.7 ETH to Bybit after deploying Base tokens $BRIAN and $JESSE
AI Market Summary
On Base, investigators allege the same deployer wallet fully controlled Polymarket-linked accounts and deployed $BRIAN and $JESSE, extracting creator fees and immediately market-selling claims. Roughly 9.7 ETH was reportedly routed via a fresh burner wallet to Bybit within hours, highlighting single-key custody, no multisig, and acute rug-pull/centralization risk. This can depress near-term risk appetite toward Base-linked memecoins and related flows.
Impact level
● Medium
Affected assets
ETH/USDT+0.36%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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The article says the Base token $JESSE was deployed and fully controlled by the same developer wallet linked to a Polymarket account and the $BRIAN project. It alleges the wallet repeatedly claimed creator fees and sold each claim within a minute. About ~9.7 ETH (about $12,000) was routed through a fresh burner wallet into Bybit within two hours. The author adds they joined without auditing the contract mechanics and later concluded the project carried a centralized single-point risk with no multisig or governance constraints.
