Crypto· DeFi

Moonwell Loses $8.7 Million To MAMO Price Manipulation On Base

The lending protocol cut borrow caps on every Base core market to 1 wei after an attacker inflated the price of a thinly traded collateral token and borrowed against it.

By AI NewsroomPublished about 13 hours agoUpdated about 8 hours ago1 views

Moonwell Loses $8.7 Million To MAMO Price Manipulation On Base

Why It Matters

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Key Facts

Fact 1: The lending protocol cut borrow caps on every Base core market to 1 wei after an attacker inflated the price of a thinly traded collateral token and borrowed against it.

The lending protocol cut borrow caps on every Base core market to 1 wei after an attacker inflated the price of a thinly traded collateral token and borrowed against it.

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