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Hack history / 2026 / Hack or exploit

Moonwell Lending

Hack or exploit on Aug 27, 2026 · Spot Price Manipulation

SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$8.7M
dollars at the time
Returned
none listed
as the sources state it
Rank
#329
among thefts by dollars lost

What happened

The attacker manipulated the spot price of the relatively illiquid MAMO token, increasing the collateral value recognized by Moonwell. The attacker used the inflated MAMO collateral to borrow liquid assets including cbBTC, ETH/WETH, USDC, and wstETH, leaving the lending markets with undercollateralized positions

Details

Date
Aug 27, 2026
Kind
Hack or exploit
Method
Spot Price Manipulation
How in
Price, oracle and governance
Target
DeFi protocol
Chains
Base, Ethereum

Reported by

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Moonwell 2026 · Hack or exploit · undisclosed
Cite this pageSwanBluechip, "Moonwell Lending hack, Aug 27, 2026: $8.7M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht7baf27bba3/ (data as of 2026-11-01).
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