PANews, November 4th news, according to CertiK monitoring, the Moonwell lending contract has been attacked multiple times. The attacker exploited the incorrect price returned by the Oracle Machine (approximately $5.8 million), by using only a Flash Loan of about 0.02 wrstETH and depositing it, repeatedly borrowing over 20 wstETH, profiting 295 ETH (about $1 million).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
EIP-8141: Vitalik Just Cracked Ethereum’s Decade-Old Problem
_Vitalik Buterin announces EIP-8141, an account abstraction overhaul set to remove intermediaries and reshape Ethereum’s transaction layer entirely._
Ethereum’s account abstraction problem has been sitting unresolved since 2016. That
LiveBTCNews8m ago
PengoPay Launches Multi-Chain Stablecoin Payment Platform for Ethereum and Solana
_PengoPay launches a multi-chain stablecoin payment platform supporting Ethereum and Solana, offering secure crypto payments, invoices, and global settlements._
The global crypto payments sector is expanding as new infrastructure platforms enter the market. Recently, a new stablecoin payment
LiveBTCNews1h ago
Crypto Market Struggles as Bitcoin and Ethereum Post Weak Q1 2026 Performance
_Bitcoin and Ethereum recorded one of their weakest first quarters in history during 2026, reflecting falling liquidity and rising global uncertainty._
The global crypto market faced strong pressure during the first quarter of 2026. Major cryptocurrencies Bitcoin and Ethereum displayed an
LiveBTCNews1h ago
Strawmap Unpacked — Vitalik Buterin Breaks Down Ethereum’s Push for Faster UX on Layer 1
Ethereum co-founder Vitalik Buterin outlined an ambitious, years-long plan to make the Ethereum base layer faster, leaner, and eventually quantum-resistant, starting with shorter slot times and near-instant finality.
Ethereum’s 2029 Vision: Fast Slots, Fast Finality and STARK-Friendly Hashes
In a
Coinpedia1h ago
Whale Trader Pension-usdt.eth Secures $466K Profit After Surviving a $3.3M Bitcoin Drawdown
The cryptocurrency market is an unpredictable place where political developments can create rapid price changes that lead to an immediate loss of value or a sudden increase in value. One recent tale of market manipulation is that of “pension-usdt.eth”, an individual who has made a major profit
BlockChainReporter1h ago
South Korea's National Tax Service accidentally exposed wallet seed phrases, leading to the instant theft of $4.8 million in crypto assets
South Korea's National Tax Service unexpectedly disclosed the 12-word seed phrase for a cryptocurrency wallet, resulting in approximately $4.8 million worth of digital assets being stolen within a few hours. This incident has raised cybersecurity alerts and exposed government negligence in managing crypto assets. Authorities have launched an investigation. This is the third related incident in nearly three months, highlighting operational risks within the government.
ChainNewsAbmedia1h ago