Monitoring

Magnate Finance

MEDIUMBase·Treasury Misappropriation·#275 all-time
$6.5M stolenFriday, August 25, 2023 · 1157 days ago

Corpus updated 2026-10-25

What happened

  • Magnate Finance, a defi protocol, lost $6.5M on August 25, 2023.

  • The 32nd largest of the 197 incidents recorded in 2023: under 1% of the $1.63B lost to hacks that year.

  • Treasury Misappropriation is behind 2 recorded incidents totalling $8.6M; this is the largest of them.

Cite this record

Monitoring Room, "Magnate Finance hack — $6.5M stolen", incident record, data: DefiLlama hacks dataset, as of 2026-10-25 08:00 UTC. https://monitoringroom.com/situation/crypto-hack/magnate-finance

Nearby in the record

GSS
8/24/2023$25K
PEPE
8/26/2023$15.1M
Harbor Protocol
8/19/2023$250K
Balancer V2
8/27/2023$800K
Exactly
8/18/2023$7.6M
EAC
8/29/2023$6K
← All incidents

Source: DefiLlama · 1317 recorded incidents · data as of 2026-10-25 08:00 UTC