More Markets Lending Reserve Drained for $9.3M: Blockaid
Blockaid said the attacker used an Ankr liquid staking token and E-mode to overborrow from the reserve and move funds after the drain.
- On Monday, decentralized finance protocol More Markets suffered an exploit on Flow EVM, where an attacker drained approximately 15.5 million Wrapped Flow tokens valued at roughly $9.3 million from a lending reserve.
- Web3 security platform Blockaid reported the attacker used Ankr Staked FLOW, a liquid staking token, alongside E-mode to overborrow assets from the lending reserve and execute the drain.
- This incident targeted an application on Flow EVM, distinct from the Flow network itself, which suffered a separate security breach in late 2025 involving the Cadence execution layer.
- The exploit pushed total losses from cryptocurrency hacks to $139.7 million for August, following Sunday's reported $75 million exploit targeting the Tectonic protocol on Cronos.
- More Markets has not publicly confirmed the incident or disclosed potential user losses, as Blockaid continues investigating the transaction cluster used to move the stolen assets.
13 Articles
13 Articles
Cointelegraph
More Markets Lending Reserve Drained for $9.3M: Blockaid
Blockaid said an attacker used an Ankr liquid staking token and E-mode to overborrow from More Markets and drain about $9.3 million in WFLOW from a lending reserve.
crypto.news
Cryptocurrency News | Cryptocurrency Prices | Market CapMore Markets suffers $9.3m WFLOW exploit on Flow EVM
More Markets has suffered an exploit on Flow EVM that drained about 15.5 million WFLOW from the lending protocol, with blockchain security firm Blockaid estimating the impact at roughly $9.3 million. Blockaid said in an Aug. 31 X post that…
Attackers drain 15.5M WFLOW from More Markets in suspected $9.3M Flow exploit
The Blockaid security firm has reported an exploit estimated to have drained roughly $9.3 million from More Markets’ WFLOW lending reserve in the early hours of August 31, 2026. The Flow EVM lending protocol built by More Labs did not immediately confirm the loss in its response to the reports, writing that it is “currently...
More Markets drained of $9.3M in WFLOW exploit, Blockaid reports
The exploit highlights vulnerabilities in DeFi protocols, emphasizing the need for enhanced security measures to protect against sophisticated attacks. The post More Markets loses $9.3M in lending reserve exploit, Blockaid reports appeared first on Crypto Briefing.
More Markets loan reserve drained in attack DeFiMore Markets loses $9.3 million in WFLOW in exploit at Flow EVM, says Blockaid
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
