Moonwell DeFi on Base hit by exploit causing $8.7 million loss

Moonwell DeFi (decentralized finance) on Base suffered an exploit resulting in an $8.7 million loss, according to blockchain security firm PeckShield. The stolen funds are reportedly held in DAI at address 0xD71d…C384. PeckShield’s alert provided no further details about how the attack occurred.

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Moonwell DeFi on Base hit by exploit causing $8.7 million loss - CoinPost Terminal