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DeFi protocols just lost $83 million to an attack financial regulators already warned about

DeFi protocols just lost $83 million to an attack financial regulators already warned about

Malicious actors exposed two decentralized finance (DeFi) lenders to over $84 million in losses over four days, using variations of a price-manipulation strategy previously targeted by US regulators. The larger incident hit Tectonic on the Cronos blockchain, where security firm GoPlus estimated roughly $75 million was affected. Three days earlier, Moonwell’s MAMO lending market on […] The post DeFi protocols just lost $83 million to an attack financial regulators already warned about appeared first on CryptoSlate .

Aug 31, 2026 · byCryptoSlate
Moonwell Locks Base Borrowing After $8.7M MAMO Attack

Moonwell Locks Base Borrowing After $8.7M MAMO Attack

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. Automated Safeguards Protect User Funds Decentralized lending protocol Moonwell has restricted borrowing across all Core Markets on the Base network as it investigates […]

Aug 27, 2026 · byBitcoin.com News
Moonwell MAMO exploit drains $8.7M from Base lending market

Moonwell MAMO exploit drains $8.7M from Base lending market

Moonwell has halted new borrowing across its Core Markets on Base after an apparent MAMO collateral price manipulation exploit drained about $8.7 million from the decentralized lending protocol. Moonwell said in an Aug. 27 post on X that it was…

Aug 27, 2026 · byCrypto.news