DeFi Protocol Moonwell Reportedly Suffers Attack, Current Loss Exceeds $1 Million
By: theblockbeats.news|2025/11/04 09:15:54
0
Share
BlockBeats News, November 4th, Blockchain security company BlockSec stated in a post that "Our system has detected a series of suspicious transactions against the DeFi lending protocol Moonwell smart contract (deployed on Base and Optimism).
After analysis, the issue originated from abnormal price data of the rsETH/ETH token provided by an offline oracle—the price was exploited by an attacker (possibly an MEV bot), resulting in a loss of over 1 million US dollars. It appears that the price data used by the protocol was improperly updated. Currently, direct contact with the project team is not possible."
You may also like
XRP Ledger hits 1M AI payments as Ripple-backed t54.ai launches hub
Aptos Network Vulnerability Exposed $70 Billion to $3,000 Attack
What is a flash loan? Borrowing millions with zero collateral, explained
AI is Changing Employment Expectations in the U.S., Fed May Remain Cautious
Crypto Long & Short: With MSTR concerns assuaged, look to traditional signals around BTC
What are RWA perpetuals? Trading stocks and commodities as crypto perps
OpenAI lands GPT-5.6 approval as traders rush pre-IPO futures
What is liquidation in crypto? Margin calls, health factors, and how positions die
Venezuela entrusts taxes to 'cryptocurrency expert' - is USDT under scrutiny?
US Power Grid Issues Red Alert Amid Heatwave, Is Bitcoin Mining the Scapegoat?
Central Banks, Parliaments, and Atlantic Players at the Euro Stablecoin Table
What are tokenized stocks? How equities are moving on-chain, explained
Zcash Co-founder Wants More Than 21 Million Bitcoins
Bankers Filed Suspicious Activity Report Over Farage's £5M Gift From Tether Billionaire
Analysis: Bitcoin May Enter a Phase of Bottoming Out, Selling Does Not Trigger Panic
BNB Chain builds new Layer 1 for agentic trading, targets 2027 mainnet
Witnesses of South Korea's 'Golden Era': Foreign Capital Profits, Retail Investors Take Over
The Quality of Currency Depends on the Credibility of Its Issuer
XRP Ledger hits 1M AI payments as Ripple-backed t54.ai launches hub
Aptos Network Vulnerability Exposed $70 Billion to $3,000 Attack
What is a flash loan? Borrowing millions with zero collateral, explained
AI is Changing Employment Expectations in the U.S., Fed May Remain Cautious
Crypto Long & Short: With MSTR concerns assuaged, look to traditional signals around BTC
What are RWA perpetuals? Trading stocks and commodities as crypto perps
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
