More Markets, a non-custodial lending market on Flow EVM built by More Labs, lost 15.5 million Wrapped Flow (WFLOW) in an exploit on Monday. Security firm Blockaid estimates the initial impact at $9.3 million, though the protocol has not confirmed the loss and is investigating the claim. Blockaid says an attacker combined an Ankr bonded liquid staking token with the protocol’s Efficient Mode setting to drain the mFlowWFLOW reserve. Flow (FLOW) fell roughly 8% over 24 hours to trade near $0.026, while value locked in More Markets dropped to approximately $3.6 million. This exploit is part of a broader wave of lending protocol attacks, with DefiLlama recording 37 hacks in August totaling roughly $140 million.
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