📰 More Markets Exploit: How a Liquid Staking Token and E-Mode Pulled $9.3 Million Out of a Lending Market
🗓️ Aug 31 2026 15:35 UTC
Around 15.5 million WFLOW drained from the lending market More Markets on August 31, 2026, roughly $9.3 million by Blockaid's estimate. The route ran through a liquid staking token used as collateral and through E-Mode, and both building blocks sit in protocols you know.
➤ An exploit on the More Markets lending platform drained approximately $9.3 million worth of WFLOW using a liquid staking token (ankrFLOW) as collateral and Aave V3's E-Mode feature.
➤ The attack did not involve compromised keys or the underlying Flow blockchain, but rather exploited the parameters and logic within the More Markets application, specifically how E-Mode treats correlated assets.
➤ The incident highlights risks associated with E-Mode and liquid staking tokens as collateral in DeFi lending, urging users to check their positions for E-Mode usage and collateral pricing sources.
#moremarkets #wflow #ankrflow #emode #liquidstakingtoken #aavev3 #defiexploit #collateral #lendingmarket #flowevm
🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-more-markets-exploit-how-a-liquid-staking-token-and-e-mode-pulled-9-3-million-out-of-a-lending-market-2223566260
rwatimes / RWATimes
npub1qz…w0p4g
2026-08-31 18:07:22 UTC
Author Public Key
npub1qz4zsh526h2e8vgceayhkqkuva2w5dzza35x9q7kcqwz3fn2ccuq3w0p4gPublished at
2026-08-31 18:07:22 UTCEvent JSON
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"content": "📰 More Markets Exploit: How a Liquid Staking Token and E-Mode Pulled $9.3 Million Out of a Lending Market\n🗓️ Aug 31 2026 15:35 UTC\n\nAround 15.5 million WFLOW drained from the lending market More Markets on August 31, 2026, roughly $9.3 million by Blockaid's estimate. The route ran through a liquid staking token used as collateral and through E-Mode, and both building blocks sit in protocols you know.\n\n➤ An exploit on the More Markets lending platform drained approximately $9.3 million worth of WFLOW using a liquid staking token (ankrFLOW) as collateral and Aave V3's E-Mode feature.\n➤ The attack did not involve compromised keys or the underlying Flow blockchain, but rather exploited the parameters and logic within the More Markets application, specifically how E-Mode treats correlated assets.\n➤ The incident highlights risks associated with E-Mode and liquid staking tokens as collateral in DeFi lending, urging users to check their positions for E-Mode usage and collateral pricing sources.\n\n#moremarkets #wflow #ankrflow #emode #liquidstakingtoken #aavev3 #defiexploit #collateral #lendingmarket #flowevm\n\n🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-more-markets-exploit-how-a-liquid-staking-token-and-e-mode-pulled-9-3-million-out-of-a-lending-market-2223566260",
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