‼️ Another vulnerability attack: #Moonwell on Base appears to have been targeted, with a reported loss of $9 million.
An attacker used $MAMO as collateral and borrowed $USDC , $cbBTC, $wstETH, and $ETH
that were not properly collateralized.
Meanwhile, Moonwell’s native token price has surged, up 25% over the past hour, even as a security incident is currently unfolding.
An attacker used $MAMO as collateral and borrowed $USDC , $cbBTC, $wstETH, and $ETH
that were not properly collateralized.
Meanwhile, Moonwell’s native token price has surged, up 25% over the past hour, even as a security incident is currently unfolding.
