ALERT: Blockaid says More Markets' lending reserve on Flow EVM was drained by about $9.3M

AI Market Summary

Blockaid reported that More Markets' lending reserve on Flow EVM was drained by roughly $9.3M, signaling a likely exploit and renewed smart-contract risk concerns. The incident can pressure Flow ecosystem sentiment, reduce risk appetite for Flow-native DeFi, and prompt liquidity withdrawals or tighter lending conditions. Broader crypto impact is likely contained unless follow-on contagion emerges via shared bridges, collateral, or protocol integrations.

Impact level

● Medium

Affected assets

FLOW/USDT-7.16%

AI Insight · FLOW/USDTAI Insight

▼ Bearish

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ALERT: Security firm Blockaid reported that More Markets' lending reserve on Flow EVM was drained of roughly $9.3 million.

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