Odaily Planet Daily News According to Paidun monitoring, the developer of Magnate Finance modified the provider of the agreement oracle machine and removed all assets in the agreement.
Earlier news, on-chain detective ZachXBT tweeted that after being reminded by the community, the Base ecological lending agreement Magnate Finance may have an exit scam in the near future, because the address of the deployer is directly related to the Solfire exit scam. Its TVL currently exceeds $6.4 million.
ZachXBT said that Magnate Finance's website is currently unavailable, displaying "500 Internal Server Error". Its Telegram group has been deleted. The project is linked on-chain to the Kokomo Finance exit scam.