Moonwell Locks Base Borrowing After $8.7M MAMO Attack
Attackers extracted roughly $8.7 million from Moonwell after artificially inflating the price oracle of the low-liquidity MAMO token, then using it as collateral to borrow higher-value assets before converting them to DAI. Automated Safeguards Protect User Funds Decentralized lending protocol Moonwell has restricted borrowing across all Core Markets on the Base network as it investigates […]
Read Full Article on News.Bitcoin.comSummary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Here’s why Warsh’s Jackson Hole speech is a major event for bitcoin and gold
Warsh’s Jackson Hole speech could shape expectations for Fed support of Treasury buybacks, with implications for bitcoin, gold and long-term yields.
HashKey Cloud backs Stacks’ Genesis Bond to prove institutional appetite for native Bitcoin yield
The Genesis Bond avoids BTC lending and custody transfers while adding a 5% STX lock, managed parameters and variable payouts. The post HashKey Cloud backs Stacks’ Genesis Bond to prove institutional appetite for native Bitcoin yield appeared first on…
Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis
GLD and IBIT supplied about 70% of the five-session record as yields and the dollar eased, leaving the hedge thesis untested under pressure. The post Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis…