Moonwell lost about $8.7 million after an attacker inflated the price of MAMO on Base and borrowed against it, prompting the protocol to set borrow caps across all Base core markets to 1 wei.

Moonwell suffered an $8.7 million exploit on Base after an attacker manipulated MAMO's collateral price and borrowed cbBTC.

Moonwell reduced MAMO Core Market borrow caps to 1 wei on Base after a price manipulation exploit drained an estimated $10M in assets including