Moonwell Protocol Loses Over $1M in Oracle Price Feed Exploit on Base and Optimism

On-chain threat detection platform BlockSec Phalcon has identified a series of suspicious transactions targeting Moonwell’s smart contracts. The platform issued an alert regarding the activity on Base and Optimism networks that resulted in losses exceeding $1 million. BlockSec’s analysis points to an issue with the token price feed for rsETH/ETH from the off-chain oracle. The […] Read The Full Article Moonwell Protocol Loses Over $1M in Oracle Price Feed Exploit on Base and Optimism On Coin Edition.