The post Magnate Finance in $6.4M Exit Scam Using Manipulated Oracles! appeared first on Coinpedia Fintech News
Magnate Finance, a decentralized finance (DeFi) platform has reportedly been involved in an exit scam worth $6.4 million by manipulating price oracles for decentralized stablecoin DAI and Ethereum-based wETH. According to blockchain security firm PeckShield, Magnate Finance, which was launched on the Base L2 network in May, orchestrated the scam last weekend. A sudden drop …
