More Markets Exploit: $9.3M Drained From WFLOW Token

More Markets, a lending protocol developed by More Labs on the Flow EVM network, has suffered an exploit that drained 15.5 million WFLOW from its lending reserves. Blockaid identified 15.5 million WFLOW leaving the reserve, with the tokens valued at around $9.3 million. 

However, More Markets has not confirmed the amount lost, they say the investigation is ongoing.

How the More Markets Exploit Happened

According to Web3 security firm Blockaid, the attacker exploited the protocol’s handling of liquid staking tokens (LSTs) through its E-Mode system.

https://coinpedia.org/news/more-markets-exploit-9-3m-drained-from-wflow-token/

Comments

Post a Comment

Popular posts from this blog

Anthropic IPO 2026: Important Details Revealed

 Anthropic is reportedly accelerating plans for a major U.S. IPO that could challenge SpaceX’s record for the largest new share offering. The Claude developer could file as early as late August, with a potential market debut in October and a targeted $2 trillion valuation. The offering could also become a major test for investor appetite ahead of the U.S. midterm elections. https://coinpedia.org/news/anthropic-ipo-2026-important-details-revealed/
Read more

Coinbase Users $300M+ Stolen Funds Move Again

 The Coinbase users previous theft story once again came to limelight today. As the scam actor linked to more than $300 million in stolen funds is moving money again, with onchain investigator VAL reporting that around some quantity was converted to ETH and sent to Tornado cash yesterday. This transaction comes after another big stash reportedly took the same route three weeks ago. Coinbase Users Theft Came Through Social ENgineering This wasn’t a smart-contract exploit. In fact the stolen funds came from an extensive social engineering campaign targeting individual Coinbase users, with scammers allegedly impersonating as customer support to trick victims into revealing credentials, transferring assets or approving malicious transactions. https://coinpedia.org/news/coinbase-users-300m-stolen-funds-move-again/
Read more