$9.3M Exploit Rocks More Markets on Flow EVM

A major exploit struck More Markets on August 31, draining $9.3 million from its lending system on Flow EVM.

The attacker used an Ankr-linked liquid-staking position and E-Mode to empty the WFLOW lending reserve.

More Markets is a noncustodial lending protocol built on Aave V3 and deployed on Flow EVM, allowing users to supply assets for yield and borrow from liquidity reserves.

The affected component was More Markets' lending system rather than Flow's underlying consensus infrastructure.