Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is Bitcoin on its way to a new ATH after $ 104,000 Triumph? What this market expert thinks

2025-05-10

Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

2025-05-10

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»DeFi»Moola Market attacker returns most of $9M looted for $500K bounty
DeFi

Moola Market attacker returns most of $9M looted for $500K bounty

2022-10-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

An attacker has returned simply over 93% of the greater than $9 million price of cryptocurrencies they exploited from the Celo (CELO) blockchain-based decentralized finance (DeFi) lending protocol Moola Market.

At round 6PM UTC on Oct. 18 the Moola Market crew tweeted it was investigating an incident and had paused all exercise, including it had contacted authorities and supplied a bug bounty to the exploiter if funds have been returned inside 24 hours.

Evaluation of the exploit by Web3 safety firm Hacken shows the attacker manipulated the value of the protocols’ low-liquidity native MOO token by initially buying round $45,000 price and depositing it as collateral to borrow CELO.

The borrowed CELO, together with additional CELO offered by the attacker, was then used as collateral to borrow extra MOO, driving up the token’s value. The attacker continued repeating this till the MOO token value had elevated by 6,400%.

With the inflated token value, the attacker was in a position to borrow $6.6 million price of CELO, $1.2 million of MOO, together with $740,000 of Cello Euros (cEUR) and $644,000 Celo {Dollars} (cUSD) all price multiples greater than their preliminary posted collateral ensuing within the protocol’s lack of round $9.1 million.

5 hours after the preliminary affirmation of the exploit, Moola Market tweeted it had acquired simply over 93% of the funds exploited, with the attacker seemingly holding the remainder making round $500,000 as a bug bounty.

Following at this time’s incident, 93.1% of funds have been returned to the Moola governance multi-sig. We have now continued to pause all exercise on Moola, and can comply with up with the neighborhood about subsequent steps, and to securely restart operations of the Moola protocol. (1/2) https://t.co/UsdN44X70X

— Moola Market (@Moola_Market) October 18, 2022

Moola Market didn’t instantly reply to Cointelegraph’s request for remark.

See also  Maker whales take a pause, market reacts

The assault attracts similarities to the $117 million exploit suffered by Mango Markets on Oct. 11 through which Avraham Eisenberg and his crew manipulated the value of the Solana (SOL)-based DeFi protocols’ native token to borrow cryptocurrencies with an undercollateralized backing. Eisenberg negotiated to maintain $47 million as a “bounty.”

Associated: BNB Chain responds with subsequent steps for cross-chain safety after community exploit

Multi-chain cryptocurrency pockets BitKeep additionally suffered an exploit late on Oct. 17 with an attacker making off with $1 million price of Binance Coin (BNB) by way of a service used to swap tokens, BitKeep says it should absolutely reimburse any affected customers.

The assaults are the newest in a sequence of exploits to have taken place in October which has additionally formed as much as be the most important month ever for hacking exercise with the full hacked worth reaching round $718 million up till Oct. 12 in line with analytics agency Chanalysis.

Source link

500K attacker Bounty looted market Moola returns
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin market cycle indicator Hints at Bullish Breakout Vooruit, says Analyst

2025-05-10

Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

2025-05-09

Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

2025-05-09

Bitcoin again crosses $ 100k and the market asks- is the rally real this time?

2025-05-09
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Story Partners with Ankr to Drive Blockchain-Powered IP Development

2024-11-23

Cardano: The business for Ada that leads over Solana, Ethereum in a marketbound

2025-03-19

Bitcoin Price to $140,000 or $67,000? Analyst weighs in on interesting BTC setup

2025-01-12
Editors Picks

Telegram’s New Feature Could Add Millions More to Crypto

2024-07-03

PayPal removes NFT transaction protections

2024-04-16

IMF -updates worldwide standards with crypto in balance of payments

2025-03-22

Republic lists profit-sharing digital security on Avalanche

2023-11-30
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is Bitcoin on its way to a new ATH after $ 104,000 Triumph? What this market expert thinks

Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,267.230.66%
  • ethereumEthereum(ETH)$2,460.266.81%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.423.64%
  • binancecoinBNB(BNB)$655.963.46%
  • solanaSolana(SOL)$171.710.94%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.23062213.83%
  • cardanoCardano(ADA)$0.814.15%
  • tronTRON(TRX)$0.260805-0.43%
  • suiSui(SUI)$4.002.71%
  • chainlinkChainlink(LINK)$16.866.19%
  • avalanche-2Avalanche(AVAX)$24.607.12%
  • stellarStellar(XLM)$0.3054683.76%
  • shiba-inuShiba Inu(SHIB)$0.0000167.63%
  • hedera-hashgraphHedera(HBAR)$0.2117316.79%
  • the-open-networkToncoin(TON)$3.384.31%
  • hyperliquidHyperliquid(HYPE)$25.192.59%
  • bitcoin-cashBitcoin Cash(BCH)$421.123.67%
  • polkadotPolkadot(DOT)$5.066.60%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.73%
  • litecoinLitecoin(LTC)$103.525.06%
  • moneroMonero(XMR)$323.676.47%
  • bitget-tokenBitget Token(BGB)$4.848.77%
  • pepePepe(PEPE)$0.0000138.52%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.742.67%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.909.91%
  • bittensorBittensor(TAO)$447.636.70%
  • nearNEAR Protocol(NEAR)$3.014.76%
  • aptosAptos(APT)$5.815.21%
  • aaveAave(AAVE)$224.768.69%
  • ondo-financeOndo(ONDO)$1.053.78%
  • okbOKB(OKB)$54.632.07%
  • ethereum-classicEthereum Classic(ETC)$19.843.68%
  • internet-computerInternet Computer(ICP)$5.502.68%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.273.13%
  • kaspaKaspa(KAS)$0.1060273.97%
  • gatechain-tokenGateToken(GT)$22.121.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2606113.51%
  • render-tokenRender(RENDER)$5.216.88%
  • vechainVeChain(VET)$0.0309685.47%
  • crypto-com-chainCronos(CRO)$0.099464-1.13%
  • mantleMantle(MNT)$0.770.72%
  • ethenaEthena(ENA)$0.3861286.31%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2411594.15%
  • filecoinFilecoin(FIL)$3.092.15%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.853.01%
  • bitcoinBitcoin(BTC)$103,267.230.66%
  • ethereumEthereum(ETH)$2,460.266.81%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.423.64%
  • binancecoinBNB(BNB)$655.963.46%
  • solanaSolana(SOL)$171.710.94%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.23062213.83%
  • cardanoCardano(ADA)$0.814.15%
  • tronTRON(TRX)$0.260805-0.43%
  • suiSui(SUI)$4.002.71%
  • chainlinkChainlink(LINK)$16.866.19%
  • avalanche-2Avalanche(AVAX)$24.607.12%
  • stellarStellar(XLM)$0.3054683.76%
  • shiba-inuShiba Inu(SHIB)$0.0000167.63%
  • hedera-hashgraphHedera(HBAR)$0.2117316.79%
  • the-open-networkToncoin(TON)$3.384.31%
  • hyperliquidHyperliquid(HYPE)$25.192.59%
  • bitcoin-cashBitcoin Cash(BCH)$421.123.67%
  • polkadotPolkadot(DOT)$5.066.60%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.73%
  • litecoinLitecoin(LTC)$103.525.06%
  • moneroMonero(XMR)$323.676.47%
  • bitget-tokenBitget Token(BGB)$4.848.77%
  • pepePepe(PEPE)$0.0000138.52%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.742.67%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.909.91%
  • bittensorBittensor(TAO)$447.636.70%
  • nearNEAR Protocol(NEAR)$3.014.76%
  • aptosAptos(APT)$5.815.21%
  • aaveAave(AAVE)$224.768.69%
  • ondo-financeOndo(ONDO)$1.053.78%
  • okbOKB(OKB)$54.632.07%
  • ethereum-classicEthereum Classic(ETC)$19.843.68%
  • internet-computerInternet Computer(ICP)$5.502.68%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.273.13%
  • kaspaKaspa(KAS)$0.1060273.97%
  • gatechain-tokenGateToken(GT)$22.121.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2606113.51%
  • render-tokenRender(RENDER)$5.216.88%
  • vechainVeChain(VET)$0.0309685.47%
  • crypto-com-chainCronos(CRO)$0.099464-1.13%
  • mantleMantle(MNT)$0.770.72%
  • ethenaEthena(ENA)$0.3861286.31%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2411594.15%
  • filecoinFilecoin(FIL)$3.092.15%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.853.01%