Moonwell MAMO Exploit Drains About $8.7M on Base

Moonwell MAMO Exploit Drains About $8.7M on Base
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Moonwell’s post-mortem dated August 28 put the remaining borrower obligations from the MAMO market incident on Base at approximately $9.131 million. The protocol said liquidations began 32 seconds after the final successful borrow, following an exploit a day earlier that enabled roughly $11.03 million in gross borrowing.
Moonwell puts remaining borrower obligations at $9.131 million
Following the MAMO market incident on Base, Moonwell estimated that approximately $9.131 million in borrower obligations remained after liquidations began.
CertiK and PeckShield separately estimated losses at about $8.7 million, according to Coin360. Moonwell’s figure records obligations remaining after liquidations began and was not described as a direct replacement for the external estimates.
Manipulated MAMO accounting and oracle pricing enabled 18 borrows
The Moonwell Governance Forum post-mortem said the attacker manipulated MAMO collateral accounting and its oracle price on August 27.

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We współpracy z: https://cryptodaily.co.uk/2026/08/moonwell-mamo-exploit-base-9-13m-borrower-obligations

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