$MFAM GOVERNANCE HIT: $1.08M AT RISK ⚠️
Moonwell is under a live governance attack after an attacker reportedly spent about $1,800 to accumulate roughly 40 million MFAM, push a proposal, and secure early voting support in minutes. The proposal aims to redirect admin control of 7 lending markets, the controller, and oracle core contracts to attacker-controlled infrastructure, but the final outcome still depends on remaining votes and possible intervention via the emergency multisig.
Not financial advice. Manage your risk.
#Crypto #DeFi #Altcoins #GovernanceAttack #WhaleAlert 🛡️