Breaking: Coinbase BASE-based Magnet Finance rugpulls users for $5.67 million

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Coinbase Layer 2 BASE-based Magnate Finance deployer, rugged users for $5.67 million in locked assets on its platform. A crypto expert issued a commu

At the time of writing, Magnate Finance’s website and Telegram group are offline and deleted, respectively, and DeFiLlama shows that crypto assets worth $5.67 million, locked on the protocol were pulled by the deployer. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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