$8.7M DAI Drained from MoonwellDeFi on Base Exploit

MoonwellDeFi on Base has suffered an exploit that drained $8.7M in DAI, according to PeckShieldAlert.

The stolen assets are now held at address 0xD71d...C384.

The incident highlights the ongoing risks in decentralized lending protocols and underscores the need for deeper crypto security breach reviews across Layer-2 networks.

Analysts tracking MoonwellDeFi security incident patterns note similar fund movements often precede further on-chain tracing efforts.