CLAUDE
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Magnate Finance Deployer Gained $16.7M in Rug Pulls and MAG Down Over 90%
Magnate Finance, a project on Coinbase's BASE platform, has been linked to a series of rug pulls totaling $16.7M. The deployer, known for real-time risk alerts, has connections to other significant scams, including Solfire's $4.8M scam and Kokomo Finance's $5.5M scam. Magnate Finance's protocol token MAG has experienced a 90% drop, highlighting the inherent risks in the decentralized finance sector.
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Token Management Platform Magna Raises $15.2M
Magna has raised $15.2 million at a $70 million evaluation. The funding round for the token management platform was led by venture capital firms Tiger Global and Tusk ventures.