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More Markets lending reserve drained of about $9.3 million on Flow
Blockaid said the attacker overborrowed using an Ankr liquid staking token and Aave V3 efficiency mode, draining 15.5 million Wrapped Flow tokens from the mFlowWFLOW reserve.
More Markets, a DeFi vault infrastructure protocol on Flow EVM, saw its lending reserve drained by about $9.3 million in digital assets, according to Web3 security platform Blockaid, as reported by Cointelegraph. Blockaid said the attacker drained roughly 15.5 million Wrapped Flow, or WFLOW, tokens from the mFlowWFLOW lending reserve, valuing the stolen amount at approximately $9.3 million. The security firm said the exploit used an Ankr liquid staking token, ankrFLOW, along with E-mode to overborrow from the reserve. E-mode, Cointelegraph noted, refers to an Aave V3 feature that increases borrowing power for assets expected to move together, such as a liquid staking token and its underlying asset. The exploit contributed to total losses from cryptocurrency hacks reaching $139.7 million for August, which Blockaid linked to DefiLlama data.
According to the report, it was the third-largest month for value stolen so far in 2026, though it also reflected a decrease versus July, when $254 million was stolen. The article added that More Markets had not publicly confirmed the incident or disclosed user losses as of publication.