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EXPLAINED: THE STABLEMAGNET RUGPULL
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Jun 20
The StableMagnet rugpull was different from other rugpulls because it took advantage of a novel vector. Block explorers like Etherscan and BSCScan perform code verification that ensures that the source code posted to them matches the actual code stored on the blockchain. However, as demonstrated by the StableMagnet rugpull, Etherscan and BSCScan do not perform verification of linked libraries when verifying the correctness of posted source code. This means that a smart contract can claim that...
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