1
0
On-chain threat detection platform BlockSec Phalcon has identified a series of suspicious transactions targeting Moonwell’s smart contracts. The platform issued an alert regarding the activity on Base and Optimism networks that resulted in losses exceeding $1 million.
BlockSec’s analysis points to an issue with the token price feed for rsETH/ETH from the off-chain oracle. The exploit appears to have been carried out, possibly by a MEV bot that took advantage of incorrectly updated price data used by the protocol.
Read The Full Article Moonwell Protocol Loses Over $1M in Oracle Price Feed Exploit on Base and Optimism On Coin Edition.
1
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0
0
0
