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More Markets lending reserve drained for $9.3M: Blockaid

Published Source: CoinTelegraphRead original

Crypto Insight Summary: Blockaid said an attacker used an Ankr liquid staking token and E-mode to overborrow from More Markets and drain about $9.3 million in WFLOW from a lending reserve. Crypto Insight Analysis: Direction: Bearish WFLOW Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: The exploit drained $9.3M from lending reserves, causing temporary liquidity concerns for WFLOW.

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More Markets lending reserve drained for $9.3M: Blockaid — Crypto Insight