Beosin: Magnate Finance Deployers Steal $16.7 Million in Multiple Rug Pulls

08/25 10:35

On August 25th, according to Beosin Alert, the address of the deployer of Magnate Finance is related to the previous Rug Pull incidents of Solfire and Kokomo Finance. On January 23rd, 2022, Solfire was involved in a Rug Pull that stole $4.8 million, and on March 27th, 2023, Kokomo Finance was involved in a Rug Pull that stole $5.5 million. Including the latest Magnate Finance Rug Pull incident, the scammer has stolen a total of $16.7 million. Earlier today, Magnate Finance caused approximately $6.5 million in losses through Rug Pull manipulation via an oracle.
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