The Moonwell lending contract was attacked, and the attacker profited 295 ETH.

ETH-2,62%

PANews, November 4th news, according to CertiK monitoring, the Moonwell lending contract has been attacked multiple times. The attacker exploited the incorrect price returned by the Oracle Machine (approximately $5.8 million), by using only a Flash Loan of about 0.02 wrstETH and depositing it, repeatedly borrowing over 20 wstETH, profiting 295 ETH (about $1 million).

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Dormant Ethereum ICO Wallet Activates After 10.6 Years, Moves 100.27 ETH

Gate News bot message, a dormant Ethereum ICO wallet became active after 10.6 years and transferred 100.27 ETH ($212K) to a new wallet. The participant invested only $125 to purchase 401.1 ETH during the ICO. The holding is now valued at $834K, representing an estimated 6,687x return on the initial

GateNews6m ago

Vitalik: Prediction markets help us understand the world and the near future

BlockBeats News, on March 6, Ethereum founder Vitalik Buterin stated that prediction markets help us better understand the world and the near future. I hope prediction market projects can further optimize in this direction, especially with more conditional markets. BlockBeats has launched a prediction market section where users can subscribe to exclusive updates.

GateNews34m ago

Data: In the past 24 hours, the entire network has liquidated $274 million, with long positions liquidated at $189 million and short positions at $85.9469 million.

ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $274 million, with long positions liquidated at $189 million and short positions at $85.9469 million. Among these, Bitcoin long positions were liquidated at $72.5955 million, Bitcoin short positions at $31.1138 million, Ethereum long positions at $38.5414 million, and Ethereum short positions at $24.8499 million.

GateNews4h ago

Data: If ETH breaks through $2,168, the total liquidation strength of long positions on mainstream CEXs will reach $624 million.

ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,168, the total liquidation strength of long positions on major CEXs will reach $624 million. Conversely, if ETH drops below $1,964, the total liquidation strength of short positions on major CEXs will reach $305 million.

GateNews5h ago
Comment
0/400
No comments