Moola Market: Hacker returns 93.1% of the funds to Moola governance multi-signature, the agreement will be restarted after proposal ID 9 is passed

The Celo ecological lending agreement Moola Market released an attack report and restart plan. Moola Market stated that at 00:04 on October 19, an unknown attacker began to manipulate the price of MOO on Ubeswap, allowing the attacker to manipulate the MOO TWAP price oracle used by the Moola protocol. machine. As a result, the attacker was able to borrow large amounts of cUSD, cEUR, and CELO from the protocol using MOO as collateral, draining the protocol of its funds. After the Moola team contacted and negotiated with the hacker, the hacker returned 93.1% of the funds to the Moola governance multi-signature. According to its suggestion, the attacker donated part of the unreturned funds to ImpactMarket, the depository institution of Moola Market. Underfunded communities offer UBI. At present, the team's focus has shifted to safely restore the functionality of the Moola protocol. Proposal ID 9 is currently undergoing a governance vote to reduce the LTV and manage the liquidation threshold for the use of MOO as collateral. It is hoped that the proposal will be passed within 6 days to restart the protocol. Foresight News previously reported that the Celo ecological lending agreement Moola Market was attacked and lost about $8.4 million, and has ceased operations.