⚠️ ONGOING EXPLOIT
Moonwell on Base appears to be under attack, with roughly $9M reportedly drained so far.
The attacker reportedly manipulate $MAMO collateral value to borrow unbacked cbBTC, USDC, wstETH and ETH.
The wild part? Moonwell’s native token is still up 25% in the past hour despite the ongoing exploit.
Moonwell on Base appears to be under attack, with roughly $9M reportedly drained so far.
The attacker reportedly manipulate $MAMO collateral value to borrow unbacked cbBTC, USDC, wstETH and ETH.
The wild part? Moonwell’s native token is still up 25% in the past hour despite the ongoing exploit.
