Key Takeaways Attackers manipulated MAMO oracle prices to drain about $8.7 million in assets from Moonwell. Ecosystem partner Zyfai safely auto-rebalanced user funds while MAMO and WELL tokens plunged 15%. Moonwell capped Base borrow limits to 1 wei while security teams audit the breach for upcoming fixes. Automated Safeguards Protect User Funds Decentralized lending protocol Moonwell has restricted borrowing across all Core Markets on the Base network as it investigates a security incident affecting its MAMO Core Market. Blockchain security firms, including Peckshield, estimate that the attacker extracted about $8.7 million in digital assets by manipulating the collateral price of …
Bitcoin
Crypto
“Looking good as long as that $98 level is being held,” one popular X user claimed. Solana’s native token has posted an 8% increase …
Truflation has called for the Federal Reserve to cut interest rates after its July forecast came within 0.01 percentage point of the official monthly headline …
