Moonwell on the Base blockchain was exploited, losing over $4 million worth of cbBTC.
41 minutes ago
According to monitoring by Blockaid, its exploit detection system has identified suspicious activity on Moonwell on the Base blockchain. Attackers manipulated the price of MAMO collateral to borrow cbBTC from the mCBTC market; the observed impact to date is that 50.6 cbBTC tokens, valued at over $4 million, have been transferred.
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