
Moonwell Hit by Governance Exploit Attempt Targeting $1M in Funds
TL;DR Governance exploit: An attacker bought 40 million MFAM to push a proposal that would give them control of Moonwell contracts holding about $1.08 million. Community

TL;DR Governance exploit: An attacker bought 40 million MFAM to push a proposal that would give them control of Moonwell contracts holding about $1.08 million. Community

TL;DR Oracle Failure: Moonwell mispriced cbETH at $1.12 instead of $2,200, triggering liquidations that produced $1.78 million in bad debt and wiped out user collateral. AI
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