More Markets Hacked: Attacker Drains 15.5 Million WFLOW, Affecting Funds of Approximately $9.3 Million

BlockBeats News, August 31st, Blockchain security company Blockaid announced that it has detected a vulnerability exploit on More Markets (More Labs) on the Flow EVM. The attacker successfully drained More Markets' WFLOW lending reserve by exploiting Ankr's wrapped LST (Liquidity Staking Token) with the E-Mode mechanism.

According to Blockaid's monitoring, the attacker transferred approximately 15.5 million WFLOW from the mFlowWFLOW reserve, with the detected impact amounting to around $9.3 million. The related attack transaction cluster also includes fund transfers post-exploitation. The specific losses from the incident and the destination of the attacker's funds are still being further investigated.