SlowMist Cosine: Multiple users mistakenly transferred funds to Magma's contract address on the Monad test network because they did not switch networks
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According to the news from Mars Finance, as disclosed by Cosine of Slow Fog, multiple users have mistakenly transferred funds to the contract address of the Magma project on the Monad testnet due to failure to switch to the correct network environment. Cosine confirmed through analysis of transaction data and smart contract code that these fund transfers occurred when users executed the depositMon() and withdrawMon() functions of the Magma project on blockchains such as Ethereum and Binance Smart Chain, without properly switching to the Monad testnet. This issue may be due to the incomplete network switching mechanism in the wallet application or the project frontend. Cosine stated that the project team can implement a fund return mechanism by creating corresponding contracts on the relevant blockchains, and affected users should directly contact the Magma project team for assistance.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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