More Markets suffers $9.3m WFLOW exploit on Flow EVM
Covered by 7 sources · 7 articles
More Markets, a lending protocol on Flow EVM, was exploited on August 31 when an attacker drained approximately 15.5 million WFLOW tokens from its lending reserves. The perpetrator leveraged an Ankr bonded liquid-staking position combined with E-Mode functionality to execute the attack. Security firm Blockaid valued the loss at roughly $9.3 million.
The exploit highlights vulnerabilities in how lending protocols manage collateral interactions across staking derivatives and elevated borrowing modes. Flow EVM, Flowchain's Ethereum-compatible layer, now faces questions about the robustness of its DeFi infrastructure.
- An attacker drained 15.5 million WFLOW tokens from More Markets by exploiting Ankr liquid-staking collateral and E-Mode lending mechanics.
- The estimated loss of $9.3 million represents a significant event for Flow EVM's still-developing DeFi ecosystem.
- The incident underscores ongoing risks in how protocols combine multiple leverage mechanisms and derivative assets.
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More Markets Hit By $9.3M Exploit Draining Lending Reserve On Flow EVM
TL;DR More Markets lost about $9.3 million after an attacker used ankrFLOW and E-mode to overborrow roughly 15.5 million WFLOW from a lending reserve. August crypto hack losses reached $139.7 million, making it 2026’s third-largest month by…
More Markets drained of $9.3M in WFLOW exploit, Blockaid reports
The exploit highlights vulnerabilities in DeFi protocols, emphasizing the need for enhanced security measures to protect against sophisticated attacks. The post More Markets drained of $9.3M in WFLOW exploit, Blockaid reports appeared first…
More Markets Hacked for $9.3M on Flow EVM, 15.5M WFLOW Drained
Blockaid flagged a More Markets exploit on Flow EVM involving an Ankr liquid staking token and E-Mode, with a $9.3M detector impact estimate and 15.5M WFLOW drained from the mFlowWFLOW pool.
More Markets Loses $9.3M as WFLOW Reserve Is Drained on Flow EVM
More Markets suffered an estimated $9.3 million exploit on Flow EVM on August 31 after an attacker used an Ankr bonded liquid-staking position and E-Mode to empty its WFLOW lending reserve. The attack removed 15.5 million WFLOW from the mFl…
More Markets Exploit: $9.3M Drained From WFLOW Token
More Markets Loses $9.3M as WFLOW Reserve Is Drained on Flow EVM
More Markets suffered an estimated $9.3 million exploit on Flow EVM on August 31 after an attacker used an Ankr bonded liquid-staking position and E-Mode to empty its WFLOW lending reserve. The attack removed 15.5 million WFLOW from the mFl…
More Markets suffers $9.3m WFLOW exploit on Flow EVM
More Markets has suffered an exploit on Flow EVM that drained about 15.5 million WFLOW from the lending protocol, with blockchain security firm Blockaid estimating the impact at roughly $9.3 million. Blockaid said in an Aug. 31 X post that…