Moonwell's proposal to rebalance liquidity incentives could enhance market competitiveness and governance engagement across Ethereum and Base.
CryptoBriefing•Editorial Team10 Sept
The shutdown highlights the vulnerability of DeFi products reliant on centralized infrastructure, impacting crypto's real-world spending potential.
CryptoBriefing•Editorial Team5 Sept
Malicious actors exposed two decentralized finance (DeFi) lenders to over $84 million in losses over four days, using variations of a price-manipulation strategy previously targeted by US regulators. The larger incident hit Tectonic on the Cronos blockchain, where security firm GoPlus estimated roughly $75 million was affected. Three days earlier, Moonwell’s MAMO lending market on […]
CryptoSlate•Oluwapelumi Adejumo31 Aug
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 […]
Bitcoin.com News•Terence Zimwara27 Aug
The lending protocol cut borrow caps on every Base core market to 1 wei after an attacker inflated the price of a thinly traded collateral token and borrowed against it.
The Defiant•The Defiant Team27 Aug
Moonwell has halted new borrowing across its Core Markets on Base after an apparent MAMO collateral price manipulation exploit drained about $8.7 million from the decentralized lending protocol. Moonwell said in an Aug. 27 post on X that it was…
Security firms CertiK and PeckShield estimate losses of around $8.7 million after an attacker manipulated the collateral price of MAMO.
The Block•James Hunt27 Aug
Borrow liquidity on Moonwell has been drained following a well-capitalized attacker’s price manipulation of collateral token MAMO.
Protos•Jake Harrison27 Aug
Moonwell exploit drains $8.7 million as an attacker inflates MAMO collateral pricing to borrow cbBTC and USDC on Base.
BeInCrypto•Lockridge Okoth27 Aug
Moonwell's drastic borrow cap reduction underscores the critical need for robust oracle security to prevent future DeFi vulnerabilities.
CryptoBriefing•Editorial Team27 Aug
The exploit highlights vulnerabilities in DeFi protocols, potentially undermining trust and prompting stricter security measures in the sector.
CryptoBriefing•Vivian Nguyen27 Aug
Live data showed 100.43% utilization and negative liquidity while non-liquidated suppliers lacked a clear published recovery path.
CryptoSlate•Liam 'Akiba' Wright26 Aug
Moonwell's ongoing remediation highlights the critical need for robust governance and oracle accuracy in DeFi to prevent costly mishaps.
CryptoBriefing•Editorial Team11 Aug
Moonwell's interest rate overhaul and governance model may signal a shift towards more community-driven, sustainable growth in DeFi lending.
CryptoBriefing•Editorial Team7 Aug
Moonwell urges WELL token holders to migrate tokens off Moonbeam before July 31, 2026, due to network wind-down on Polkadot.
CryptoBriefing•Editorial Team22 Jul
The Moonbeam shutdown underscores the risks of relying on specific blockchain networks, urging users to diversify and plan for asset security.
CryptoBriefing•Editorial Team13 Jul
Moonwell's exit from Moonbeam highlights the risks of relying on specific blockchain networks, urging investors to adapt to evolving platforms.
CryptoBriefing•Editorial Team8 Jul