More Markets
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 17 → 26. Problems weighed by who is responsible: incidents the subject suffered −20, concerns that are not fraud −12, problems around the subject, caused by others −2.3; legitimacy credit long-running +2; no established finding that it defrauded anyone, so it stays out of the red band; the penalty for incidents it suffered is capped at 20; a recent unresolved incident −23; fact-check adjustments (−5) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -12 |
| Incidents it suffered (e.g. hacks) | -20 |
| Problems around it, caused by others | -2.3 |
| Long-running | +2 |
| Recent unresolved incident | -23 |
| Sum | 10 |
- The penalty for incidents it suffered is capped at 20 points.
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
More Markets is a DeFi lending protocol built on the Flow EVM blockchain by More Labs, operating as a fork of Aave V3. On August 31, 2026, an attacker exploited the protocol's E-Mode mechanism using Ankr's ankrFLOW liquid staking token as collateral to drain approximately 15.5 million WFLOW tokens, valued at roughly $9.3 million according to security firm Blockaid's initial estimate. The protocol subsequently paused operations and disputed the scale of losses reported by Blockaid, attributing the root vulnerability to a third party, though a post-mortem had not been published as of the date of this report.
Connected Entities
9 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- More Markets→mentioned with→Coinbase(65%)
- More Markets→mentioned with→Ethereum(60%)
- More Markets→mentioned with→Tectonic(65%)
- Cronos Chain→mentioned with→Tectonic(70%)
- More Markets→mentioned with→Base(60%)
- Cronos Chain→mentioned with→Ethereum(70%)
- Flow→mentioned with→Ethereum(80%)
- More Markets→mentioned with→Flow(70%)
- Coinbase→mentioned with→Base(70%)
- + 12 more
3 submissions awaiting moderator review.
Timeline(7 events)
2 October 2024
More Markets announced launch on Flow blockchain's Crescendo mainnet with two initial lending markets and ecosystem incentives.
More Markets X announcement27 December 2025
Separate incident: Flow network Cadence execution layer exploited via type confusion vulnerability; approximately $3.9 million drained before validators halted the chain. More Markets was not directly implicated.
Flow Foundation Post-Mortem27 August 2026
Moonwell on Coinbase Base drained of approximately $8.7 million via MAMO token price manipulation — first of three DeFi lending exploits in five days.
BitRss — More Markets on Flow EVM Becomes Third DeFi Lending Exploit in Five Days30 August 2026
Tectonic on Cronos drained of an estimated $66 to $75 million after TONIC token price was inflated approximately 100 times in 20 minutes; Cronos validators halted the chain.
BitRss — More Markets on Flow EVM Becomes Third DeFi Lending Exploit in Five Days31 August 2026
At approximately 06:18 UTC, Blockaid detected and disclosed an exploit on More Markets' mFlowWFLOW reserve on Flow EVM. An attacker used ankrFLOW as collateral in E-Mode to drain approximately 15.5 million WFLOW tokens, initially valued at approximately $9.3 million.
More Markets Hacked for $9.3M on Flow EVM — Crypto Times31 August 2026
More Markets posted initial X statement acknowledging an investigation into exploit claims, followed by subsequent posts asserting contracts were secure, the protocol was solvent, and that actual bridged losses were less than 5% of Blockaid's reported figure. The protocol was paused. More Markets attributed root cause to an unspecified third party.
More Markets X — @MORE_DeFi31 August 2026
Multiple outlets reported post-exploit TVL at approximately $3.64 million against active loans of approximately $3.67 million, representing near-zero buffer between assets and liabilities. No formal post-mortem had been published.
More Markets on Flow EVM Becomes Third DeFi Lending Exploit in Five Days — BitRssDecision Log
- slot 457683179 · hash CCEcq1pPjrcC6oR8E4J4LVvjaKXiCpGky9ABGQVU5KuZ
- slot 455358640 · hash EuBniW1MSXXq71xmNfyWPKHTRFdw8bbKQqofeXCEJ9Yi
- slot 443561831 · hash 3JhjuoBwBbfG94xmXvieqPEGjg6bHiwNTezPkUp2X623
- slot 443561827 · hash 8fqXbZEJEAmwgo6j8Z9XGnStc2UHb89vT16yS6w1ioth
- slot 443527120 · hash DnBptfA5mmuzSvnMD7Go5H2Hi5qCNemWRBAQ3JYVKQZ4
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 14 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/1/2026, 12:05:05 PM
last updated: 10/10/2026, 6:40:20 PM
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