Moonwell hit by governance attack — $1.08M at risk for $1,800 spend
An attacker spent about $1,800 on MFAM to push a malicious Moonwell proposal that could seize control of seven markets and $1.08m in assets, testing its veto and governance defenses. Summary An unknown attacker spent just $1,800 to acquire 40 million MFAM tokens and push a malicious governance proposal through quorum in roughly 11 minutes…
