🚨 Moonwell just lost $8.7M — and the hack was painfully simple.

Attacker pumped illiquid MAMO token 8x → borrowed real cbBTC against fake collateral → converted everything to DAI → vanished. 🤡

No smart contract bug. Just zero TWAP protection on a thin token.

This is Moonwell's THIRD exploit in 2026. 👀

All Base borrowing now frozen at 1 wei.

Fix your oracles or keep writing post-mortems. 📝

#DeFi #Moonwell #Base

$OPG $GIGGLE $NIL