Slow Mist: About $6.4 million has been stolen from Magnate Finance

08/25 08:55

On August 25th, it was reported that Magnate Finance had a Rug Pull, taking away approximately $6.4 million in assets. The website is now offline and the Telegram group has been deleted. Currently, 295.18 ETH is still in the scammer's Base address, while the remaining 897 ETH has been transferred to three other addresses. Previously, on-chain analyst ZachXBT stated that the address of the Magnate Finance deployer on Base is directly related to the $4.8 million exit scam on Solfire, and a similar exit scam may occur.
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