TL;DR The Moonwell protocol suffered an exploit on its lending platform on Base, caused by a Chainlink oracle malfunction that valued 0.02 wrstETH at $5.8 million. The attacker used a flashloan and repeated the operation seven times over three...
On-chain threat detection platform BlockSec Phalcon has identified a series of suspicious transactions targeting Moonwell’s smart contracts. The platform issued an alert regarding the activity on Base and Optimism networks that resulted in losses...
The increase in on-chain active loans shows a growing number of customers embracing DeFi and also highlights top lending protocols shaping the landscape.
Moonwell DeFi, a decentralized lending protocol operating on the Optimism network, suffered a flash loan exploit, resulting in a loss of $320,000. The perpetrator targeted the protocol’s USDC lending contract, using a malicious contract address...
Polkadot witnessed massive growth in terms of revenue, and even stakers showed huge interest. However, DOT’s price continued to decline. Despite the bearish sentiment plaguing the crypto market, Polkadot managed to register an increase in revenue....
Polkadot’s parachains were observed to be performing well in the past seven days. The growth of the parachains could aid Polkadot to witness some growth in the near future....
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