Security
Moonwell MAMO exploit drains $8.7M in cbBTC after collateral manipulation
The Cryptonomist·August 28, 2026·1 min read
On August 27, decentralized lending protocol Moonwell lost roughly $8.7 million after an attacker exploited the price of its own listed token, MAMO, using inflated collateral. The exploit didn't require malicious code, highlighting a vulnerability in collateral manipulation. The incident underscores risks in DeFi lending protocols.
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