As cybercrime continues to be an important subject in the decentralized finance (DeFi) sector, the latest incident sees Moola Market being exploited for over $8.4 million. In a surprising turn of events, the majority of these funds were later returned.
“First off, we're buoyed by the fact that the majority of funds were recovered. This is good news for all users and means that the impact will be limited,” Moola Market tweeted following the attack on the protocol.
We want to provide a detailed update on today’s incident and share our plan for safely restarting the @Moola_Market protocol. First off, we're buoyed by the fact that the majority of funds were recovered. This is good news for all users and means that the impact will be limited. https://t.co/JfglNlM2g3
— Moola Market (@Moola_Market) October 19, 2022
“Following today's incident, 93.1% of funds have been returned to the Moola governance multi-sig. We have continued to pause all activity on Moola and will follow up with the...
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