Coin Bureau(@coinbureau):⚠️ONGOING EXPLOIT: Moonwell on Base looks to be under attack, with $9MILLION stolen already. An attacker has manipulated $MAMO as collateral to borrow unbacked $cbBTC, $USDC, $wstETH and $ETH. Meanwhile, Moonwell’s native token is PUMPING, gaining +25% in just the past hour despite the ongoing incident.

Coin Bureau

@coinbureau

Official Coin Bureau X account: covering breaking news, insights & in-depth analysis across Fintech, Macro & AI.

Joined September 2017

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Coin Bureau@coinbureau

2026.08.27 09:53

⚠️ONGOING EXPLOIT: Moonwell on Base looks to be under attack, with $9MILLION stolen already. An attacker has manipulated $MAMO as collateral to borrow unbacked $cbBTC, $USDC, $wstETH and $ETH. Meanwhile, Moonwell’s native token is PUMPING, gaining +25% in just the past hour despite the ongoing incident.