August 31, 08:57
More Markets lending reserve drained of $9.3 million in WFLOW
More Markets Lending Reserve Drained for $9.3M: Blockaid
Cointelegraph

An attacker drained about $9.3 million in WFLOW from More Markets' mFlowWFLOW lending reserve on Flow EVM. Blockaid said the attacker drained about 15.5 million Wrapped Flow tokens. Blockaid valued the tokens at approximately $9.3 million. Blockaid said the attacker used Ankr Staked FLOW, a liquid staking token, alongside E-mode to overborrow from the reserve. E-mode is an Aave V3 feature that increases borrowing power for assets whose prices are expected to move together. Blockaid shared blockchain data about the incident in a Monday X post. The exploit brought cryptocurrency hack losses to $139.7 million for August. That made August the third-largest month by value stolen so far in 2026. Cryptocurrency theft totaled $254 million in July, according to DefiLlama data. Cronos halted its blockchain network on Sunday after a reported $75 million exploit targeting DeFi lending protocol Tectonic. More Markets had not publicly confirmed the incident or disclosed whether users suffered losses at the time of publication.
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