Moonwell lending contract attacked, attackers profit 295 ETH. - Flash News - MyToken:Your Insight into the Web3 World

Moonwell lending contract attacked, attackers profit 295 ETH.

This article is curated by MyToken. Keep track of the latest crypto movements and insights.
on November 4th, according to CertiK monitoring, the Moonwell lending contract was attacked multiple times. The attacker used the wrong price returned by the oracle (about $5.8 million), borrowed only 0.02 wrstETH through flash loans, repeatedly borrowed more than 20 wstETH, and profited 295 ETH (about $1 million).

Disclaimer

The content provided on this page is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry inherent risks. Please conduct your own research before making any investment decisions.

×