Blockaid Traces $9.3 Million Exploit at Flow Lender More Markets

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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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%

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