$6.5 Million Lost In Latest Base-Native DeFi Protocol Rug Pull
Magnate Finance, a DeFi lending protocol on the Base network, conducted a rug pull, stealing $6.4 million worth of assets from its users, marking the third rug pull by the Base network developers and resulting in a total loss of $16.7 million, while also facing other negative incidents such as hacks and thefts.
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