Moonwell Lending Contract Faces Multiple Attacks, CertiK Reports

According to PANews, CertiK has reported that the Moonwell lending contract has been subjected to several attack transactions. The attackers exploited an incorrect oracle price for wrst, valued at approximately $5.8 million. By using a flash loan of just about 0.02 wrstETH and depositing it, they repeatedly borrowed over 20 wstETH, ultimately profiting 295 ETH, which is roughly equivalent to $1 million.