More Markets Suffers WFWF Loss Amid Ankr-Related Exploit

A lending protocol called More Markets on Flow EVM has reportedly suffered an exploit involving an Ankr-related liquid staking token and its E-Mode lending system.

Preliminary monitoring identified about 15.5 million WFLOW moving out of the mFlowWFLOW reserve, with the impact estimated at roughly $9.3 million.

Investigators are still tracing the funds, so the amount transferred should not yet be treated as the protocol’s final loss.

The early evidence points to a problem within the lending market rather than an attack on the Flow blockchain itself.

E-Mode is designed for assets expected to stay close in value. In this case, WFLOW and ankrFLOW both represent exposure to FLOW, so treating them as correlated assets may appear reasonable.