Foresight News: Beosin Alert has detected a connection between the deployer address of Magnate Finance and previous rug pull incidents involving Solfire and Kokomo Finance. On January 23, 2022, Solfire experienced a rug pull, resulting in the theft of $4.8 million. Later, on March 27, 2023, Kokomo Finance suffered a similar fate, with $5.5 million stolen. The scammer has reportedly stolen a total of $16.7 million.