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Moola Markets exploit: It’s an October turned ‘Hacktober’ for the crypto market
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ambcrypto.comIn a surprising turn of events, the perpetrator behind the Moola Market exploit returned more than 93% of the stolen funds. The funds were returned just hours after the attack took place on the Celo blockchain-based platform.
On 18 October, at 4 pm UTC, an attacker started manipulating with MOO, Moola Market’s native token. The manipulation was the result of repeated swaps and borrowings. An investigation was carried out by blockchain security firm Hacken.
The investigation stated the attacker initially funded her/his account with CELO, and proceeded to purchase large amounts of MOO. This led to a price spike given the low liquidity of the token.
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