Blockchain security firm Blockaid said on Aug. 31 that it detected an exploit affecting More Markets, also referred to as More Labs, on Flow EVM. According to Blockaid, the attacker abused a combination of Ankr’s bonded liquid staking token, or LST, and the protocol’s E-Mode mechanism to empty More Markets’ WFLOW lending reserves. Blockaid’s monitoring found that roughly 15.5 million WFLOW was transferred out of the mFlowWFLOW reserve, with the detected impact valued at about $9.3 million. The security firm also said the related attack transaction cluster included post-exploit fund movements. The exact loss and the destination of the attacker’s funds were still being confirmed at the time of the report.
On Aug. 31, blockchain security firm Blockaid said it had detected an exploit affecting More Markets, also known as More Labs, on Flow EVM.
According to Blockaid, the attacker used 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 moved out of the mFlowWFLOW reserve, with the detected impact estimated at roughly $9.3 million. It also said the related cluster of attack transactions included fund transfers made after the exploit.
The exact loss and the destination of the attacker’s funds were still under confirmation.
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