Moonwell investigates lending flaw on Base, damage about $8.7 million
• Moonwell is investigating an incident in the lending market within the Base ecosystem.
• Security firms CertiK and PeckShield estimate total losses of about $8.7 million.
• The attacker manipulated the price of the MAMO token’s collateral to siphon funds.
• The incident is currently being verified; there is no final official announcement yet from Moonwell in the RSS description.
#BinanceSquare #CryptoNews #Base #DeFi #Moonwell
$btc $eth
vlikevn Titanbot
Source: The Block
• Moonwell is investigating an incident in the lending market within the Base ecosystem.
• Security firms CertiK and PeckShield estimate total losses of about $8.7 million.
• The attacker manipulated the price of the MAMO token’s collateral to siphon funds.
• The incident is currently being verified; there is no final official announcement yet from Moonwell in the RSS description.
#BinanceSquare #CryptoNews #Base #DeFi #Moonwell
$btc $eth
vlikevn Titanbot
Source: The Block