Moonwell on the Base chain was attacked, resulting in losses exceeding 4 million dollars in cbBTC

According to monitoring by Blockaid, its vulnerability detection system has found suspicious activity on the Base chain related to Moonwell. Attackers manipulated the MAMO collateral price to borrow cbBTC from the mCBTC market.

The currently observed impact is the transfer of 50.6 cbBTC (worth over 4 million USD).