Magnate Finance News

Although an independent third-party audit may validate a project’s authenticity, it does not guarantee protection from a sudden withdrawal of liquidity.

The total number of daily transactions on Base has recently spiked above 1.8 million.

According to the BIS researchers, a centralized oracle based on trust is the only option for DeFi, and variations of that model do exist.

The "Onchain Summer" promotion drove activity to the new network, with hundreds of thousands of users minting NFTs in August.

Crypto wrongdoers focused on the DeFi space in August, while CeFi "hasnt witnessed a single major exploit."

Four security incidents took place on Coinbases layer-2 solution Base shortly after its launch.

Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions from users of the protocol.  The rug pull had been...

Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a rug pull, stealing millions from users of the protocol.  The rug pull had been...

Magnate Finance rug pull is connected to Solfire and Kokomo Finance scams, blockchain sleuths say. The deployer address of the Base-based protocol was the same in the $4.8 million and $5.5 million scams respectively. On-chain sleuths have linked the...

Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL.