Attackers 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 […]
Source: https://news.bitcoin.com/security/moonwell-locks-base-borrowing-after-8-7m-mamo-attack/
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