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Moonwell Hit by $9M Oracle Manipulation Attack on Base

Covered by 1 source · 1 article

Moonwell was hit by an estimated $9 million oracle manipulation attack on Base after exploiters inflated the price of thinly traded MAMO collateral and used the artificial valuation to borrow higher-value assets from the lending protocol. T…

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Moonwell Hit by $9M Oracle Manipulation Attack on Base
Crypto Adventure 2h ago

Moonwell Hit by $9M Oracle Manipulation Attack on Base

Moonwell was hit by an estimated $9 million oracle manipulation attack on Base after exploiters inflated the price of thinly traded MAMO collateral and used the artificial valuation to borrow higher-value assets from the lending protocol. T…