News report 🌐 Cryptocurrency

Blockaid Flags $9.3M WFLOW Drain on More Markets via Ankr Staking Token and E-Mode Exploit

Blockaid says an attacker used an Ankr liquid staking token and E-mode to drain approximately $9.3 million in WFLOW from More Markets' lending reserve.

📅 August 31, 2026 🕐 1 min read

2 assets impacted (Crypto). Net bias: 0 Bullish, 2 Bearish, 0 Neutral. Strongest signal: WFLOW ↓ 8/10 (78% confidence).

📊 Affected Assets (2)

WFLOW

Bearish 🤖 78%

📅 Short-term 🌍 Global · Explicit

Blockaid reported an overborrowing exploit against More Markets using an Ankr liquid staking token and E-mode, resulting in a $9.3 million WFLOW drain. The removal of this liquidity from the lending reserve increases redemption pressure on WFLOW.

Catalysts

▼ Exploiter used Ankr liquid staking token and E-mode to overborrow and drain $9.3M in WFLOW
▼ More Markets lending reserve depleted, reducing available WFLOW liquidity

Risk Factors

▲ Protocol may replenish reserves or compensate affected users
▲ FLOW token price action could offset WFLOW drawdown

FLOW

Bearish 🤖 55%

📅 Short-term 🌍 Global ✨ Inferred

WFLOW is a wrapped representation of FLOW, and a $9.3M drain from the More Markets reserve signals stress in the Flow DeFi ecosystem. While direct FLOW token impact isn't specified, negative sentiment around a major Flow-based lending exploit could weigh on FLOW demand and liquidity.

Catalysts

▼ WFLOW reserve depletion on More Markets may trigger sell pressure on FLOW
▼ Raised security concerns across Flow DeFi protocols

Risk Factors

▲ Overall crypto market strength could offset bearish FLOW sentiment
▲ More Markets may compensate affected users with FLOW, creating buy pressure

🧭 Full analysis of these assets

📝 Executive Summary

Blockaid said an attacker used an Ankr liquid staking token and E-mode to overborrow from More Markets and drain about $9.3 million in WFLOW from a lending reserve.

❓ FAQ

WFLOW · How much WFLOW was drained from More Markets?

Blockaid reported approximately $9.3 million in WFLOW was drained from a lending reserve on More Markets.

WFLOW · What does the drain mean for WFLOW holders?

The reduction in reserve liquidity could pressure WFLOW liquidity and redemption conditions until the protocol restores funds.

FLOW · Is FLOW directly affected by the More Markets exploit?

FLOW is inferred to be at risk because WFLOW is a wrapped version of FLOW; negative sentiment and liquidity concerns could spill over.

📰 Related Articles

🏷️ Tags

📰 Source

🔗 View Original Article