🔔 Hack of the Moonwell platform and losses totaling $8.7 million

❌ The decentralized lending protocol Moonwell was subjected to a security breach that led to the theft of digital assets.

🏦 According to reports, the total value of the stolen funds was estimated at about $8.7 million.

⬅️ Market impact: The hack negatively affects investors’ confidence in the Moonwell protocol and its native token, with potential downward pressure on the liquidity associated with it.
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