Leaderboard
284All-time rank
Magnate Finance
Aug 25, 2023
$6.5M
Lost
$6.5M
Recovered
$0
Net loss
$6.5M
Unrecovered0% recovered
On August 25, 2023, Magnate Finance team rug-pulled Base depositors by deleting communication channels (Telegram/website), manipulating the price oracle, and draining all assets. 8M) in 2022.
- Target
- DeFi
- Classification
- Rugpull
- Technique
- Treasury Misappropriation
- Attribution
- Unknown
- Chains
Base
Event timeline
- Aug 25, 2023Exploit executed — $6.5M drained via treasury misappropriation
- Attributed to Unknown
- Recovery status Unrecovered 0%