Defi Lending Protocol Moonwell Hit by $9M Exploit

The post Defi Lending Protocol Moonwell Hit by $9M Exploit appeared first on Coinpedia Fintech News

Moonwell’s DeFi lending protocol has been hit by an exploit that drained more than $9 million in real crypto assets. The attacker manipulated MAMO’s price, used the inflated token value as collateral, and borrowed cbBTC, USDC, wstETH, and ETH from the platform.While, the Moonwell project has yet to give a full official update. How Did …