POTENTIAL MOONWELL EXPLOIT ON BASE

Summary from the TLDR Crypto newsletter

Security firms estimate an $8.7M loss after an attacker manipulated the price of the illiquid MAMO token used as collateral, then borrowed real cbBTC against it. Borrowing/supply on Base Core Markets has been capped to 1 wei as a precaution. WELL is down ~13%, MAMO down ~9% in 24 hours.