Blockchain security firm Blockaid said it detected an exploit affecting More Markets, a product tied to More Labs, on Flow EVM. According to Blockaid, the attacker used Ankr’s bonded liquid staking token, or LST, together with the platform’s E-Mode mechanism to drain More Markets’ WFLOW lending reserves.
Blockaid said roughly 15.5 million WFLOW was transferred out of the mFlowWFLOW reserve. The firm estimated the detected impact at about $9.3 million. It also said the related cluster of attack transactions included post-exploit fund transfers.
The full extent of losses has not yet been confirmed. The destination of the attacker’s funds is also still being verified, based on the information available in the source report.
Blockchain security firm Blockaid said it detected an exploit targeting More Markets, a More Labs product, on Flow EVM.
According to Blockaid, the attacker exploited Ankr’s bonded liquid staking token, or LST, together with the E-Mode mechanism to drain More Markets’ WFLOW lending reserves.
Blockaid said about 15.5 million WFLOW was transferred out of the mFlowWFLOW reserve, with the detected impact estimated at roughly $9.3 million. The related cluster of attack transactions also included fund transfers after the exploit.
The exact loss and the destination of the attacker’s funds are still being confirmed.
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