🚨SlowMist Alert🚨 💸 @MoonwellDeFi Loss: ~$8.7M USD 🔍 Root Cause: The protocol relied on a MAMO price from a thin market. The attacker manipulated this price, making the collateral appear far more valuable than it really was. This allowed the attacker to borrow funds from the
MoonwellDeFi suffered a loss of approximately $8.7 million USD due to an attacker manipulating the price of MAMO, which was used as collateral. The protocol relied on a price from a thin market, allowing the attacker to borrow funds.
