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Moonwell Locks Base Borrowing After $8.7M MAMO Attack

Bitcoin.com

Bitcoin News / Bitcoin.com 463 Views

Moonwell logo half and half image security alertAttackers extracted roughly $8.7 million from Moonwell after artificially inflating the price oracle of the low-liquidity MAMO token, then using it as collateral to borrow higher-value assets before converting them to DAI. Automated Safeguards Protect User Funds Decentralized lending protocol Moonwell has restricted borrowing across all Core Markets on the Base network as it investigates […]
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