Moonwell’s $1M Oracle Tragedy 🚨💸 – Another Day, Another Hack! 😂
According to CertiK Alert, the attacker, with the cunning of a fox, managed to borrow over 20 wstETH using a mere 0.02 wrstETH flashloan, exploiting a faulty oracle that spewed false prices of 5.8 million dollars. The profit? A staggering 295 ETH, roughly a million dollars. This swift and repeated borrowing sequence, like a thief in the night, drained Moonwell’s lending markets of their lifeblood.



