MAG Token Slumps Over 90% As Magnate Finance Rugs Users for $6.4M
Magnate Finance, a decentralized lending protocol built on the Ethereum layer-2 scaling network Base, has rug-pulled its users for $6.4 million. All social accounts tied to the project have been disabled and deleted. Rug pull is the process where the developers of a crypto project maliciously abandon the project and escape with investors’ deposited funds. … Read more
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