What happened
An attacker withdrew approximately $9,3 million in WFLOW from the More Markets reserve using an Ankr token and E-mode, Blockaid stated.
Why it matters
The incident links a large fund withdrawal to the use of a liquid staking token and E-mode, but available information has not yet been confirmed by a primary source.
According to Blockaid, the attacker used the Ankr liquid staking token and E-mode to borrow more funds from More Markets. Approximately $9,3 million in WFLOW was withdrawn from the lending protocol's reserve, as reported in a Cointelegraph article.
The case is significant because it affects not only an individual borrowing operation but also the liquidity of the lending reserve. If Blockaid's description is accurate, the vulnerability may have been related to how the protocol evaluated collateral and limits within E-mode.
The available package is based on metadata and a Cointelegraph retelling rather than the full text of Blockaid's primary report or independent verification. Therefore, the exact mechanics of the attack, the status of the funds, and the scale of impact on More Markets users cannot yet be established.
Confirmed facts
- Blockaid reported that the attacker used the Ankr liquid staking token and E-mode.
- According to the provided description, the attacker borrowed more funds in More Markets and withdrew about $9,3 million in WFLOW from the lending reserve.
- The event was covered by Cointelegraph on 31 August 2026.
Context
The material is based on a single independent publication by Cointelegraph with a metadata_only summary; the primary source and independent confirmation are absent from the package.
What remains unknown
- Has Blockaid confirmed the incident in a full public report or technical breakdown?
- How exactly did the combination of the Ankr token and E-mode allow for increased borrowing?
- What is the final amount of damages, and were user funds affected?
- Did More Markets take any measures following the incident?
Editorial context
Confidence: medium
A likely consequence is increased attention to collateral parameters, E-mode, and reserve sufficiency in DeFi lending. The next observable signal will be a technical breakdown from Blockaid or an official response from More Markets. Significant uncertainty remains due to the lack of a primary report and independent confirmation.