$9.3M WFLOW Drained from More Markets in Suspected Flow Exploit

More Markets has reportedly suffered an exploit that drained approximately $9.3 million from its WFLOW lending reserve on Flow EVM, according to Blockaid's estimates. The security firm found that the attacker likely used a combination of Ankr's bonded liquid staking token and More Markets' E-Mode setting to drain the funds. However, More Markets has not yet confirmed the loss, stating it is investigating the claim.

The exploit is believed to have occurred in the early hours of August 31, 2026. Blockaid stopped short of blaming Ankr or the Flow blockchain itself for the vulnerability. Instead, they suggested that either the Ankr-bonded liquid staking token or More Markets' E-Mode setting could be at fault.

This incident follows a series of security breaches in DeFi, with Moonwell losing up to $9 million due to a price-manipulation attack and Solana neobank Avici being drained of around $500,000. Despite the loss not being confirmed by More Markets, Blockaid estimates that roughly 15.5 million WFLOW was emptied from its mFlowWFLOW reserve.