More Markets Suffers Exploit Resulting in $9.3 Million Loss

Blockchain security firm Blockaid reported that More Markets on the Flow EVM network was exploited, leading to the drainage of 15.5 million WFLOW tokens. The attacker leveraged a vulnerability involving Ankr-bonded liquid staking tokens and the E-Mode mechanism to deplete the WFLOW lending reserves. The total impact is estimated at approximately $9.3 million. Investigations into the full extent of the losses and the movement of the stolen funds are currently ongoing.