Defi
Moonwell Loses $8.7 Million To MAMO Price Manipulation On Base
The Defiant·August 27, 2026·1 min read
Moonwell lost $8.7 million due to a price manipulation attack on the Base network. The protocol cut borrow caps on all Base core markets to 1 wei. An attacker inflated the price of a thinly traded collateral token and borrowed against it.
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