Case Studies/Moonwell
    Moonwell

    Moonwell Hack: $1.78M Stolen

    February 15, 2026 · Base / Moonbeam

    stolen
    $1.78M

    What happened

    On February 15, 2026, Moonwell — a lending protocol operating on Base and Moonbeam — suffered an exploit resulting in approximately $1.78M in losses, reported by DeFiLlama as an oracle/liquidation-related incident. The graph this page used to show was built against Ethereum mainnet, not Base, and was cleared on 2026-09-16; a re-trace on October 8, 2026 put a new graph on this row, and not one transfer in it can be dated to the window of the incident it is filed under. ChainHint therefore states no count, no endpoint and no destination from it, and the loss figure and the classification above are DeFiLlama's.

    How the funds moved

    Step 1

    Initial Extraction

    Funds extracted from Moonwell's lending markets on February 15, 2026, consolidating at the attacker address below before dispersal began.

    Step 2

    Wide Dispersal

    The stolen funds were reported as routed over bridges off Base/Moonbeam and cycled through DeFi protocols.

    Step 3

    Where the record stops

    Every transfer in the graph on this row falls outside the window of this incident, or carries no date at all — so ChainHint states no endpoint count, no destination breakdown and no recovery lead for it.

    Visualized attack path

    View Interactive Graph →

    Key findings

    Attacker Address

    0x6997…58ffPrimary exploiter wallet — the address the incident record starts from.
    Scam

    Aftermath

    No public recovery reportedDeFiLlama's loss figure and classification are the record here; ChainHint adds no fund-flow finding of its own.

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