More Markets lending reserve drained for $9.3M: Blockaid
Summary
More Markets’ DeFi lending reserve on Flow EVM was drained of about $9.3 million in digital assets, according to Blockaid. The attacker reportedly withdrew around 15.5 million Wrapped Flow (WFLOW) from the mFlowWFLOW reserve by using Ankr Staked FLOW (ankrFLOW) and Aave V3’s E-mode to overborrow against the reserve. E-mode boosts borrowing power for assets expected to track closely in price. The exploit brought August crypto-hack losses to $139.7 million, making it the third-largest month by stolen value so far in 2026, though still far below July’s $254 million. More Markets had not publicly confirmed the incident or disclosed user losses at the time.
