More Markets lending reserve drained for $9.3M: Blockaid
Decentralized finance (DeFi) vault infrastructure protocol More Markets had a lending reserve drained of about $9.3 million in digital assets on Flow EVM, according to Web3 security platform Blockaid. The attacker drained about 15.5 million Wrapped Flow (WFLOW) tokens, valued by Blockaid at approximately $9.3 million, from the mFlowWFLOW lending reserve, according to blockchain data shared by Blockaid in a Monday X post.
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Key Facts
- Fact 1: Decentralized finance (DeFi) vault infrastructure protocol More Markets had a lending reserve drained of about $9.3 million in digital assets on Flow EVM, according to Web3 security platform Blockaid.
- Fact 2: The attacker drained about 15.5 million Wrapped Flow (WFLOW) tokens, valued by Blockaid at approximately $9.3 million, from the mFlowWFLOW lending reserve, according to blockchain data shared by Blockaid in a Monday X post.
- Fact 3: E-mode, short for efficiency mode, is an Aave V3 feature that increases borrowing power for assets whose prices are expected to move together, such as a liquid staking token and its underlying asset.
- Fact 4: The exploit pushed total losses from cryptocurrency hacks to $139.7 million for August, making it the third-largest month by value stolen so far in 2026.
Decentralized finance (DeFi) vault infrastructure protocol More Markets had a lending reserve drained of about $9.3 million in digital assets on Flow EVM, according to Web3 security platform Blockaid. The attacker drained about 15.5 million Wrapped Flow (WFLOW) tokens, valued by Blockaid at approximately $9.3 million, from the mFlowWFLOW lending reserve, according to blockchain data shared by Blockaid in a Monday X post.
Blockaid said the attacker used Ankr Staked FLOW (ankrFLOW), a liquid staking token, alongside E-mode to overborrow from the reserve. E-mode, short for efficiency mode, is an Aave V3 feature that increases borrowing power for assets whose prices are expected to move together, such as a liquid staking token and its underlying asset. The exploit pushed total losses from cryptocurrency hacks to $139.7 million for August, making it the third-largest month by value stolen so far in 2026.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
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