More Markets suffers $9.3m WFLOW exploit on Flow EVM

More Markets has suffered an exploit on Flow EVM that drained about 15.5 million WFLOW from the lending protocol, with blockchain security firm Blockaid estimating the impact at roughly $9.3 million. Summary More Markets was exploited on Flow EVM, with 15.5 million WFLOW drained from its mFlowWFLOW lending reserve. Blockaid estimated the impact at roughly $9.3 million and linked the attack to an Ankr bonded LST and More Markets’ E Mode mechanism. The security firm identified a cluster of transactions used to move funds after the exploit, while the final losses and destination of the assets remain under investigation. Blockaid has not said Ankr or the Flow blockchain itself was compromised, with its initial disclosure identifying More Markets as the protocol targeted. Blockaid said in an Aug. 31 X post that an attacker exploited More Markets, developed by More Labs, by using an Ankr bonded liquid staking token together with the protocol’s E Mode mechanism. The security firm identified the mFlowWFLOW lending reserve as the source of the drained tokens and published transactions linked to the attack. 🚨 Blockaid detected an exploit on More Markets (More Labs) on Flow EVM. Attacker used...