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