Beosin: Magnate Finance deployer executed multiple Rug Pulls, stealing a total of $16.7 million.
2023-08-25 10:26
Odaily News According to Beosin Alert monitoring, the address of Magnate Finance deployer is related to the previously occurred Rug Pull incidents of Solfire and Kokomo Finance.
On January 23, 2022, Solfire experienced a Rug Pull resulting in a theft of $4.8 million. On March 27, 2023, Kokomo Finance experienced a Rug Pull resulting in a theft of $5.5 million. Adding to the latest Magnate Finance Rug Pull incident, the total amount stolen by the scammer is $16.7 million.
Earlier today, it was reported that Magnate Finance manipulated the oracle to perform a Rug Pull, causing a loss of approximately $6.4 million.
On January 23, 2022, Solfire experienced a Rug Pull resulting in a theft of $4.8 million. On March 27, 2023, Kokomo Finance experienced a Rug Pull resulting in a theft of $5.5 million. Adding to the latest Magnate Finance Rug Pull incident, the total amount stolen by the scammer is $16.7 million.
Earlier today, it was reported that Magnate Finance manipulated the oracle to perform a Rug Pull, causing a loss of approximately $6.4 million.
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