Moonwell Encountered a Flash Loan Attack! According to Cyvers Alerts monitoring, Moonwell's USDC lending contract on the Optimism network became the target of an attack. The attacker used a malicious contract address as mToken to successfully obtain unauthorized token approvals and steal funds. 💰

To cover up the source of the funds, the attacker leveraged Tornado Cash on the Ethereum network, and the stolen USDC was quickly converted into DAI and stored in the attacker's wallet. 🔍

This incident reminds us that while the blockchain world is full of opportunities, security risks cannot be ignored. Stay alert and protect your assets!