Moonwell appears to have been compromised, with over $4 million in cbBTC withdrawn from the Base ecosystem lending protocol. Moonwell appears to have been compromised, with attackers manipulating MAMO collateral prices to borrow cbBTC from the mBTC market. Approximately 50.6 cbBTC (valued at over $4 million) have been detected as withdrawn. Sui Overflow 2026 hackathon winners announced, with 747 projects submitted and 26 teams victorious. Sui Network has announced the winners of the Sui Overflow 2026 hackathon. Over six weeks, the event received 747 projects from 58 countries, with 26 teams emerging as winners: including Agentic Web, DeFi & Payments, Walrus, and Dee.
Moonwell suspected of being hacked; over $4M in cbBTC stolen
PANewsShare
Summary
Moonwell is facing a suspected exploit following a protocol update, with over 50.6 cbBTC (worth more than $4 million) reportedly drained after attackers manipulated MAMO collateral prices to borrow from the mBTC market. Meanwhile, the Sui Network has announced the winners of the Sui Overflow 2026 hackathon, selecting 26 teams from 747 global projects. The network upgrade is expected to support future development and security enhancements.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.