Crypto
$9.3M Drained From More Markets on Flow EVM After Exploit
The DeFi lending protocol More Markets on Flow EVM has been exploited, draining $9.3 million from its lending reserves.
The attacker manipulated Ankr bonded LSTs and E-Mode borrowing calculations to take out loans against manipulated collateral, repeatedly withdrawing WFLOW from the mFlowWFLOW reserve.
Blockaid identified 15.5 million WFLOW leaving the lending reserve during the attack, valued at around $9.3 million based on WFLOW's market price.
The team is investigating the incident and has not confirmed a recovery plan or any recovered amount.