Difference between revisions of "StableMagnet"
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Latest revision as of 09:00, 23 January 2022
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
"A few hours before the attack, we received a direct message from an anonymous source suggesting that StableMagnet would rugpull. There was no scope to whitehack the funds, so all we could do was wait. Now there’s $27 million gone, and more due to be stolen from the wallets of those who have not yet revoked permissions to StableMagnet. Techrate audits are not to be trusted.
The stolen funds were split between multiple addresses and deposited to Binance in order to switch to the Ethereum blockchain, then quickly withdrawn and the centralised USDT exchanged for decentralised DAI. These attackers had planned their escape route.
They told us that the same group is responsible for multiple recent rugpulls, suggesting that Moon Here token, and Wen Moon token were also carried out by the same bad actors. They also told us that “Techrate audited the Github, but not the deployed contract” We know that Techrate was alerted to this rugpull, and that they took no action. A quick glance through the list of projects that they are involved with will give you a good idea of the kind of quality you can expect with a Techrate audited project. We know of at least two major hacks in which the protocol is working to prove that they were attacked by their auditor. Investigations are ongoing."
Governance
Admin Key
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: BSC
How it works
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
Funding
Partners
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