Magnate Finance Deployer Exploited $17 Mln From Multiple Rug Pulls
Almost $17 Million Exploited From Multiple Rug Pulls This recent event propels the scammers’ total ill-gotten gains to a staggering $16.7 million. The developer’s tactics involved tampering with the price oracle provider and purging all associated assets, leaving a trail of dismayed investors in their wake, Blockchain security firm PeckSheild reported. advertisement Cryptocurrency enthusiast ZachXBT drew connections between the project’s deployer and the notorious Solfire exit scam. His timely warning, issued hours before official confirmation, gave a fleeting chance for investors to brace themselves. Within an hour of the alert, Magnate Finance’s website vanished, and its Telegram group was deleted. This abrupt disappearance translated into a staggering $6.5 million loss, ascribed to the deployer’s manipulation of the price oracle. News of the rug pull reverberated through the market, causing a sharp more than 90% decline in the va...