Moonwell on the Base Chain Attacked, Losing Over $4 Million in cbBTC

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BlockBeats News, August 27th, according to Blockaid monitoring, its exploit detection system has discovered suspicious activity on the Base chain's Moonwell. The attacker manipulated the MAMO collateral price to borrow cbBTC from the mCBTC market, with the currently observed impact being 50.6 cbBTC (worth over $4 million) transferred.

Source: BlockBeats

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