In Brief
- More Markets lost 15.5 million WFLOW to a reported exploit on Flow EVM.
- Blockaid put the initial impact near $9.3 million and named the attacker wallet.
- MORE Markets says it is investigating and will publish its findings.
More Markets lost 15.5 million Wrapped Flow (WFLOW) to an exploit on Flow EVM on Monday. Security firm Blockaid put the initial impact at $9.3 million.
The lending protocol has not confirmed any loss. Its team said it is looking into the claim and will publish findings once the review is complete.
What Blockaid Traced Onchain
More Markets is a non-custodial lending market on Flow EVM built by More Labs. Blockaid said an attacker combined an Ankr bonded liquid staking token with the protocol’s Efficient Mode setting to drain the mFlowWFLOW reserve.
The firm published the exploit transaction, the contract deployment, and 11 follow-up transfers. It also names the attacker address, a helper wallet, and the affected pool.
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Flow (FLOW) price performance over 24 hours, Source: BeInCrypto Markets
Markets reacted quickly. Flow (FLOW) fell about 8% over 24 hours to trade near $0.026. Value locked in More Markets dropped to roughly $3.6 million. Still, the drop comes amid a broader market downturn, which has pulled the total market cap down roughly 3%
Our team is currently investigating a claim that MORE Markets was exploited. We will share our findings shortlhy. https://t.co/fZT6XLVUva
— MORE Markets 🐙 (@MORE_DeFi) August 31, 2026
The attack lands at the end of a punishing stretch for crypto protocols. Cronos halted its blockchain on August 30 after identifying an exploit at Tectonic, its largest lending market. Last week, Moonwell lost an estimated $8.7 million.
DefiLlama data records 37 hacks in August, totaling roughly $140 million. Lending protocols account for the bulk of that figure.
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