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TechFlow reports, according to PeckShield monitoring, the developer of Magnate Finance has altered the protocol's oracle provider and removed all assets from the protocol. Its TVL has since dropped by over $6.4 million.
Previously, ZachXBT noted that Magnate Finance's website is currently inaccessible, displaying a "500 Internal Server Error," and its Telegram group has been deleted. The project is linked on-chain to the Kokomo Finance exit scam.
Magnate Finance's developer altered the protocol's oracle provider and removed all assets from the protocol. Its TVL has since dropped by over $6.4 million. Previously, ZachXBT reported that Magnate Finance's website was inaccessible, displaying a "500 Internal Server Error," and its Telegram group had been deleted. The project is linked on-chain to the Kokomo Finance exit scam.
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