An attacker has returned just over 93% of the more than $9 million worth of cryptocurrencies they exploited from the Celo blockchain-based decentralized finance lending protocol Moola Market.it was investigating an incident and had paused all activity, adding it had contacted authorities and offered a bug bounty to the exploiter if funds were returned within 24 hours.
more MOO, driving up the token’s price. The attacker continued repeating this until the MOO token price had increased by 6,400%. With the inflated token price, the attacker was able to borrow $6.6 million worth of CELO, $1.2 million of MOO, along with $740,000 of Cello Euros and $644,000 Celo Dollars all worth multiples more than their initial posted collateral resulting in the protocol's loss of around $9.1 million.
Five hours after the initial confirmation of the exploit, Moola Market tweeted it had received just over 93% of the funds exploited, with the attacker seemingly keeping the rest making around $500,000 as a bug bounty. 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 community about next steps, and to safely restart operations of the Moola protocol.
how about you guys report on what Magic Eden just did Go look at Hyperspace real quick
Thee biggeest seecreet of DEFI