Moonwell Loses $8.7 Million To MAMO Price Manipulation On Base

Crypto Insight Summary: The lending protocol cut borrow caps on every Base core market to 1 wei after an attacker inflated the price of a thinly traded collateral token and borrowed against it. Crypto Insight Analysis: Direction: Bearish Moonwell Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Exploit on Base network affects Moonwell's reputation and liquidity.