Moonwell on the Base chain suffers a suspicious attack, losing over $4 million in cbBTC
According to monitoring by Blockaid, its vulnerability detection system detected suspicious activity on Moonwell on Base. The attacker manipulated MAMO collateral pricing to borrow cbBTC from the mCBTC market. To date, approximately 50.6 cbBTC (valued at over $4 million) have been observed being transferred. More details remain to be disclosed.
