Base co-founder Jesse Pollak said his X account was compromised on Sept. 6, 2026, and used through a connected third-party application to promote the fraudulent BASEMEME token. The deleted post called BASEMEME the "first meme coin with real utility" and included an o1.exchange trading link and contract address. The token reportedly had a $257,000 market capitalization before falling more than 90% after Pollak clarified the breach. Pollak said he deleted the posts, revoked all third-party application connections and regained full control of the account. The incident was reported amid a wider wave of crypto scams, including other compromised social-media accounts.