AI Network Masa Confirms MASA Token Exploit on the Base Blockchain 

• Masa has confirmed that it was recently hacked twice.
• The development came after observers raised concerns about the project’s silence.
• A blockchain detective accused the project of covering up the first incident.

Masa, the decentralized network for Fair AI, has confirmed that its utility token MASA was recently exploited twice.

The development came after blockchain detective ZachXBT confronted the project’s team on X on Friday, asking it to explain to the community why it didn’t disclose a “six-figure” hack that happened on September 20. According to ZachXBT, the network likely thought it had contained the hack and covered it up as an upgrade before suffering the second attack on October 17.

Masa Acknowledges Hacking Reports

In an X post on Saturday, Masa’s team acknowledged that it experienced two security incidents on September 20 and October 17, as industry observers had earlier alleged.

While the team didn’t give in-depth details about the second incident, it said it took “immediate steps” to contain the September 20 attack and launch an investigation before engaging an external cybersecurity firm and reporting the matter to the Federal Law Enforcement Agencies.

“The impact is limited to MASA on the Base blockchain. We are not aware of any issues with MASA on the BNB or Ethereum blockchains. Additionally, MASA staked on ETH is currently locked until the staking contract migration is complete,” the team wrote.

Noting that the incidents “have not had a material impact” on Masa’s business continuity, the team promised affected users that it would credit their MASA tokens on a new contract and issue further updates on the hacks when additional information is available.

Meanwhile, Masa urged its users to avoid trading MASA tokens on Base on Uniswap, Aerodrome, or any other decentralized exchange. The team also cautioned about bridging the token to or from Base to Ethereum or BNB Chain.

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