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Tag

moonwell

1 article

DeFi & On-Chain40d ago

Moonwell Loses $8.7M to MAMO Price Manipulation on Base

An attacker pumped the illiquid MAMO token from $0.01 to $0.43, used it as inflated collateral on the lending protocol, and drained $8.7 million in cbBTC, USDC, wstETH, and ETH.