Community Alert: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL.
The deployers address is directly linked to the Solfire $4.8M exit scam.
The deployers address is directly linked to the Solfire $4.8M exit scam.
Update: Magnate Finance website is now offline and Telegram group was deleted.
There are also ties on-chain to the Kokomo Finance exit scam.
There are also ties on-chain to the Kokomo Finance exit scam.
Update: They replied to this thread and changed their bio
I would recommend avoiding Vital Block security. They claim to verify KYC for teams yet in reality little due diligence was done (fake KYC).
Scammers like to use these services to appear legitimate.
Scammers like to use these services to appear legitimate.
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