🚨 EXPLOIT ALERT: MOONWELL UNDER ATTACK
$9 MILLION reportedly stolen from Moonwell on Base.
The attacker appears to have manipulated $MAMO collateral to borrow unbacked assets including $cbBTC, $USDC, $wstETH and $ETH.
And the craziest part?
$MOONWELL is PUMPING +25% in just ONE HOUR while the exploit is unfolding.
This is exactly why crypto markets can move completely opposite to fundamentals during extreme volatility.
One side is watching an exploit.
The other is buying the token.
The next few hours could be critical.
#Crypto #Moonwell #DeFi #Base #Bitcoin
$9 MILLION reportedly stolen from Moonwell on Base.
The attacker appears to have manipulated $MAMO collateral to borrow unbacked assets including $cbBTC, $USDC, $wstETH and $ETH.
And the craziest part?
$MOONWELL is PUMPING +25% in just ONE HOUR while the exploit is unfolding.
This is exactly why crypto markets can move completely opposite to fundamentals during extreme volatility.
One side is watching an exploit.
The other is buying the token.
The next few hours could be critical.
#Crypto #Moonwell #DeFi #Base #Bitcoin
