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TechFlow reports, on-chain investigator ZachXBT tweeted that after being alerted by the community, the lending protocol Magnate Finance in the Base ecosystem may soon carry out an exit scam, as its deployer address is directly linked to the Solfire scam. Currently, its TVL exceeds $6.4 million.
In addition, SlowMist stated it has received the same user reports and urges users to safeguard their funds.
On-chain investigator ZachXBT tweeted that, following community alerts, Base ecosystem lending protocol Magnate Finance may soon execute an exit scam, as its deployer address is directly linked to the Solfire exit scam. The protocol currently has a TVL exceeding $6.4 million. Additionally, SlowMist stated it has received the same user reports and urged users to safeguard their funds.
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