Moonwell cbBTC supplier asks for a remediation plan as the Base market holds $1.72 in cash, nearly 10 weeks after the MAMO exploit

Lenders in a Moonwell market on Base cannot withdraw because almost no cbBTC (a wrapped bitcoin token) is left against about $4.56 million in loans, and a formal request has drawn no replies.

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Topics: Layer 2s · CROPS · Security

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