DeFi Protocol More Markets Drained $9.3M in Digital Assets Exploit

A DeFi vault infrastructure protocol called More Markets suffered a significant loss after its lending reserve was drained of $9.3 million in digital assets on Flow EVM, according to Blockaid.

The attacker exploited the mFlowWFLOW lending reserve by using Ankr Staked FLOW (ankrFLOW) and E-mode to overborrow from the reserve.

E-mode is an Aave V3 feature that increases borrowing power for assets whose prices are expected to move together, such as a liquid staking token and its underlying asset.

The exploit has pushed total losses from cryptocurrency hacks to $139.7 million for August, making it the third-largest month by value stolen so far in 2026.