Moola Market suffered a flash loan attack, and the platform plans to use reserve funds to compensate users
On October 19th, the Moola Market lending protocol on the Celo network encountered a flash loan attack. The attacker borrowed a large amount of CELO to inflate the price of the platform's native MOO token, exploiting price differences to extract $8.4 million in assets. The protocol urgently suspended all lending and trading functions, and subsequently announced that it would use the platform's reserve funds and future income through a DAO proposal to compensate affected users in phases. #加密市场反弹 ,#ETH走势分析
