An attacker purchased 40 million MFAM tokens at low cost, submitted a malicious governance proposal within 11 minutes, aiming to seize control of Moonwell's key contracts. The community is voting against it, with the vote open until March 27, 2026.
Moonwell was hit by a suspected DAO governance manipulation attempt after an attacker spent about $1,808 to buy MFAM tokens and push a fraudulent proposal. The move could put roughly $1.08 million at risk if emergency defenses fail.
Moonwell on Moonriver is facing a suspected governance attack after an attacker allegedly spent about $1,808 to buy MFAM tokens and push a fraudulent proposal. If approved, the proposal could transfer key protocol controls and put roughly $1.08 million at risk.
Moonwell is fighting a governance attack after an attacker spent about $1,808 to acquire enough voting power to push a proposal targeting control of markets holding roughly $1.08 million in user assets. The community is currently voting against it.
Moonwell is fighting a governance attack after an unknown actor spent about $1,808 to acquire enough MFAM voting power to push a proposal that could seize control of contracts tied to roughly $1.08 million in user assets. The community is currently voting against it.
Moonwell is battling a governance attack after an unknown actor spent about $1,808 to acquire enough MFAM voting power to push a proposal seeking control over contracts tied to $1.08 million in assets. The community is mobilizing votes and emergency safeguards to stop execution.
