More Markets attacked: The attacker withdrew 15.5 million WFLOW, affecting approximately 9.3 million USD

Blockchain security company Blockaid reported that it has detected an exploit on More Markets (More Labs) on the Flow EVM. The attacker successfully drained More Markets' WFLOW lending reserves by exploiting Ankr's bound LST (liquid staking token) and the E-Mode mechanism.

According to Blockaid's monitoring, the attacker transferred approximately 15.5 million WFLOW from the mFlowWFLOW reserves, with the detected impact amounting to about 9.3 million USD. The related attack transaction cluster also includes fund transfer operations following the exploit. The specific losses from the incident and the whereabouts of the attacker’s funds are still under further confirmation.