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Dashboard/Crypto Hacks/Magnate Finance
MEDIUMBase·Drained Contracts·#193 all-time

Magnate Finance

$6.4M stolenFriday, August 25, 2023 · 1022 days ago

Situation Summary

8/25/2023 — EXPLOIT DETECTED

Magnate Finance was exploited via a drained contracts attack on the Base network. Approximately $6.4M in funds were drained from the protocol.

TECHNIQUE: DRAINED CONTRACTS

The attacker used a drained contracts vector to drain funds. Check the social reactions below for community analysis and on-chain investigation threads.

Social Reactions

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Data: DefiLlama · Monitoring Room