Bitcoin (BTC) $89,609.93 0.59%
Ethereum (ETH) $3,041.56 1.00%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 132.886579 1.00%
Dogecoin (DOGE) $0.14 1.44%
Cardano (ADA) $0.42 1.61%
Chainlink (LINK) $13.99 3.84%
Litecoin (LTC) $82.16 2.60%
Dash (DASH) $47.54 1.08%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.954297 1.50%
X-CASH (XCASH) 1.0E-6 0.00%

Cryptocurrencies: 28005

Markets: 116055

Market Cap: $3,052,473,135,211

24h Vol: $86,926,750,486

Coin-turk.com

2023-08-25 14:55:14

Rug-Pull Fraud Occurred After Warning: Magnate Finance on Layer-2 Platform

Rug-Pull Fraud Occurred After Warning: Magnate Finance on Layer-2 Platform

Coinbase‘s Layer-2 protocol, Magnate Finance, a lending and borrowing platform, pulled out $6.5 million in user assets with a rug-pull after researchers on the chain, such as ZachXBT, warned about the possibility of an exit scam due to various actions by the project’s founders. Blockchain analytics firms have traced part of the stolen funds to be transferred to the BNB Smart Chain.The post Rug-Pull Fraud Occurred After Warning: Magnate Finance on Layer-2 Platform appeared first on COINTURK NEWS.

esptco-banner img

Latest News

Theta Coin Faces Serious Allegations in New Lawsuit

2025-12-16 18:50:37
You Should Watch Out for Emerging Legal Battle: Theta Coin F...

2025-12-16 18:40:39
Ex-Employees Accuse Theta Labs Executives of Fraud in New La...

2025-12-16 18:30:38
Theta Confronts Legal Challenges as New Allegations Emerge

2025-12-16 18:20:41
Scandal Erupts: Former Employees Accuse Theta Labs of Fraud

2025-12-16 18:10:58
Theta Coin Faces New Fraud Lawsuit: What You Need to Know

2025-12-16 18:00:43

Videos

How to Buy LTC with Coinbase?
What is a Bitcoin Wallet? How Bitcoin Wallets Work? Public & Private Key Explained!
What is Zcash (ZEC)? Zcash Explained!
Top 5 Crypto Exchanges 2022: Best Crypto Exchanges to Work With!

Our Partners

Hashing Ad Space

Inbound Junction

Asimi

Crypto Marketing Agency, FINPR

Chainwire