PANews reported on November 4th that, according to CertiK monitoring, the Moonwell lending contract was attacked by multiple transactions. The attackers exploited a faulty oracle's returned wrst price (approximately $5.8 million) to repeatedly borrow more than 20 wstETH by flash-borrowing only about 0.02 wrstETH and depositing it, thereby profiting 295 ETH (approximately $1 million).PANews reported on November 4th that, according to CertiK monitoring, the Moonwell lending contract was attacked by multiple transactions. The attackers exploited a faulty oracle's returned wrst price (approximately $5.8 million) to repeatedly borrow more than 20 wstETH by flash-borrowing only about 0.02 wrstETH and depositing it, thereby profiting 295 ETH (approximately $1 million).
Moonwell lending contract attacked, attackers profit 295 ETH.
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PANews reported on November 4th that, according to CertiK monitoring, the Moonwell lending contract was attacked by multiple transactions. The attackers exploited a faulty oracle's returned wrst price (approximately $5.8 million) to repeatedly borrow more than 20 wstETH by flash-borrowing only about 0.02 wrstETH and depositing it, thereby profiting 295 ETH (approximately $1 million).
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