Crypto
Flow EVM Lending Reserve Drained of $9.3M in Cryptocurrency Hack
More Markets, a decentralized finance (DeFi) vault infrastructure protocol, suffered a security breach that drained its lending reserve of approximately $9.3 million in digital assets on Flow EVM.
The attacker exploited More Markets' mFlowWFLOW lending reserve by using Ankr Staked FLOW (ankrFLOW), a liquid staking token, alongside 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.
The exploit 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, according to DefiLlama data.