StableMagnet Rug Pull
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StableMagnet Rug Pull
| Discovered On | 2021-06-24 |
| Stolen Amount | $27M |
| Affected Chains |  |
| Read More | rekt.news |
Description
Over $27M was stolen from users of StableMagnet, a DEX on Binance Smart 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 allowances.