Summary
Molt EVM (ticker: mEVM) is an ERC-20 token deployed on the Base blockchain and traded via the Aerodrome decentralized exchange. On March 7, 2026, the protocol suffered a critical access-control exploit in which an attacker bypassed the onlySpawnerToken minting guard by directly overwriting the unprotected setSpawnerToken() function, minting approximately 31.5 quintillion mEVM tokens and swapping them for roughly $127,000 in WETH. ZachXBT has flagged the entity, and the token price collapsed to near zero following the incident.
Connected Entities
1 entitiesTimeline(4 events)
2026-01-28
Moltbook platform launches on Base blockchain, founded by Matt Schlicht. MOLT governance token issued with 100 billion fixed supply.
2026-02-03
Wiz security researchers disclose a data exposure on the Moltbook platform affecting over 6,000 owner emails and more than 1 million credentials, attributed to insufficient access controls and rapid AI-assisted development practices.
2026-03-07
Molt EVM (mEVM) token on Base chain exploited via unprotected setSpawnerToken() function. Attacker (0xEB179B0179836c6B634056db60855234D6aF3338) deploys 40 exploit contracts across blocks 43084564–43084603, mints approximately 31.5 quintillion mEVM tokens, and swaps them for WETH via Aerodrome, stealing approximately $127,000.
2026-03-07
mEVM token price collapses to near zero following the exploit-driven supply inflation and liquidity drain.
Decision Log
- hash: 6WRw5MVS6W6j1TdkfW5CmfwVrV1byCU2XjH9846Y6ugT
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:12 AM
last updated: 5/29/2026, 4:00:03 PM
avoid.net — verified advice for a post-truth world