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Magnate Finance’s shocking rug pull shakes Base users; millions lost

The Magnate Finance rug pull is amongst a long list of such attacks afflicting the DeFi sector. The total value locked amounted to $6.4 million. Magnate Finance, a decentralized finance (DeFi) lending platform, left Base users reeling from a rug pull that has stripped them of millions in locked crypto assets. The team executed the …

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