More Markets Hit by $9.3 Million Hack on Flow EVM

More Markets, a non-custodial lending market on Flow EVM, lost 15.5 million Wrapped Flow (WFLOW) to an exploit on Monday.

The initial impact was estimated at $9.3 million by security firm Blockaid.

More Labs, the team behind More Markets, has not confirmed any losses and stated that they are looking into the claim, with findings to be published once the review is complete.

The exploit involved an attacker combining an Ankr bonded liquid staking token with the protocol's Efficient Mode setting to drain the mFlowWFLOW reserve.