🌙 Moonwell Lost $1.8M Due To An Oracle Configuration Error
cbETH was valued at ~$1.12 instead of ~$2,200.
Liquidation bots immediately drained vulnerable positions.
We traced the attacker’s funds across
Base → CoW → Stargate → Railgun → Bitcoinvn → FixedFloat → Arbitrum
Cross-chain routing, privacy layers and exchange endpoints.
This was a reminder that oracle logic is infrastructure-level risk.
We’re continuing to monitor the addresses involved.
Slides with tracing above 👆
Post #671
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