Moonwell has repaid approximately $247,000 of protocol reserves into its Base USDC market following the August 27 MAMO exploit. The repayment addresses losses incurred in the USDC lending pool during the incident.
However, Moonwell's cbBTC market has received no reserve repayment despite severe insolvency issues. Anthias Labs reports that 93.5% of debt in the cbBTC market is currently classified as insolvent, highlighting a significant disparity in how the protocol is handling recovery across different asset markets.
Moonwell Repays $247K in Protocol Reserves to Base USDC Market Following MAMO Exploit, cbBTC Market Remains Unaddressed
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