StableMagnet Rug Pull

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StableMagnet Rug Pull

Discovered On2021-06-24
Stolen Amount$27M
Affected Networks
BNB Chain
Read Morerekt.news

Description

Over $27M was stolen from users of StableMagnet, a DEX on BNB Chain. The StableMagnet team built a backdoor into their smart contract that allowed them to drain the funds in liquidity pools and from users with active approvals.

Affected users remain at risk as long as they haven't revoked their approvals, so it is recommended to use the Banditproof Exploit Checker below to make sure that you're safe.

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