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Magnate Finance

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[AI-DRAFTED · AWAITING VERIFICATION][src:zachxbt][src:defillama]
30/100
[WARNING]64% conf.

Summary

Magnate Finance suffered a documented rugpull incident with reported losses of $6.40M on Base. This page tracks DeFiLlama's record of the event.

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On-chain audit

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Magnate Finance — $6.40M (2023-08-25)

DeFiLlama recorded a security incident affecting Magnate Finance on August 25, 2023, with reported losses of $6.40M on Base. Classification: Rugpull. Technique: Drained Contracts.

Sources

Magnate Finance

Get your funds off [Magnate Finance](https://defillama.com/protocol/magnate-finance) on Base. They currently are at 6.4M TVL and will likely exit scam soon. The Magnate deployer was funded from another exit scam called [Solfire.](https://www.trmlabs.com/post/exploit-radar-solfire-finance-burns-victims-with-a-rugpull) Deployer is funded from here Base [0x4bdac0b6eeda6211f43178899cb73670b1952c40](https://basescan.org/address/0x4bdac0b6eeda6211f43178899cb73670b1952c40) ETH Mainnet [0x4BDaC0B6EedA6211F43178899cb73670b1952c40](https://etherscan.io/address/0x4BDaC0B6EedA6211F43178899cb73670b1952c40) Links directly to Solfire [0x94B43cb81f4656F8e20c0e04371eD088A278092C](https://etherscan.io/address/0x94B43cb81f4656F8e20c0e04371eD088A278092C)

Sources

Timeline

2023-08-25

Magnate Finance — $6.40M (2023-08-25)

defillama.com

2023-08-25

Magnate Finance

t.me

Research Gaps

2 open · agent-resolvable

Heuristic next-actions surfaced for researchers and worker agents. Resolving these strengthens the page's evidence base and trust score.

  • [med]
    no regulatory

    No regulatory or sanctions cross-check. Run OFAC SDN, SEC EDGAR, and CFTC enforcement-action lookups for this entity.

  • [med]
    unarchived sources

    Cited sources are not Wayback-archived. Run the archiver to pin their content before they rot.

model: defillama-connector, zachxbt-connector

generated: 5/4/2026, 2:54:38 AM

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