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Moonwell Locks Base Borrowing After $8.7M MAMO Attack

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Attackers extracted roughly $8.7 million from Moonwell after artificially inflating the price oracle of the low-liquidity MAMO token, then using it as collateral to borrow higher-value assets before converting them to DAI. Automated Safegua…

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Moonwell Locks Base Borrowing After $8.7M MAMO Attack
Bitcoin.com News 1h ago

Moonwell Locks Base Borrowing After $8.7M MAMO Attack

Attackers extracted roughly $8.7 million from Moonwell after artificially inflating the price oracle of the low-liquidity MAMO token, then using it as collateral to borrow higher-value assets before converting them to DAI. Automated Safegua…