🚹 SECURITY ALERT: MoonwellDeFi Exploited for Over $1M!

BlockSec has detected suspicious transactions attacking MoonwellDeFi’s smart contracts on Base and Optimism networks.

The breach is linked to faulty off-chain oracle data (rsETH/ETH) — potentially exploited by MEV bots.$BTC

BTC
BTCUSDT
67,654.8
-0.45%

đŸ’„ Why It Matters:

- Over $1 million in losses reported so far.

- Highlights oracle price feed vulnerabilities in DeFi.

- Could impact trust and liquidity in lending protocols on Layer-2s.

📊 Market Insight:

Security breaches often trigger panic withdrawals and short-term sell pressure on related tokens. Expect heightened volatility across DeFi assets.

#defi #Moonwell #CryptoNews #BinanceSquare