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Moonwell Locks Base Borrowing After $8.7M MAMO Attack

Moonwell Locks Base Borrowing After $8.7M MAMO AttackWorldPing

Attackers extracted roughly $8.7 million from Moonwell after artificially inflating the price oracle of the low-liquidity MAMO token, then using it as collateral to borrow higher-value assets before converting them to DAI.

This is a short WorldPing brief. The full report was published by Bitcoin.com.

Read the full report at Bitcoin.com

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