Verify a decision

{"actor":"system:backfill","investigation_id":"80ce65f2-212a-430a-8276-99c91b73c8af","kind":"publish","page_slug":"moola-market","published_at":"2026-05-28T16:29:22.447Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Moola Market","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/markets/2022/10/19/celo-protocol-moola-market-loses-over-10m-in-market-manipulation-attack","type":"other","url":""},{"credibility":3,"name":"https://www.anchain.ai/blog/moola-market-exploit","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/8ENVqveSYRcppTHOcxG29-moola-market","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/moola-markets-rekt","type":"other","url":""},{"credibility":3,"name":"https://quillaudits.medium.com/moola-market-9-million-price-manipulation-attack-quillaudits-728485ee5782","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.anchain.ai/blog/moola-market-exploit","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/moola-markets-rekt","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/markets/2022/10/19/celo-protocol-moola-market-loses-over-10m-in-market-manipulation-attack","type":"other","url":""},{"credibility":3,"name":"https://crypto.news/moola-market-hacked-for-8-4million-93-1-of-stolen-funds-returned/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/news/moola-market-attacker-returns-most-of-9m-looted-for-500k-bounty","type":"other","url":""},{"credibility":3,"name":"https://coinjournal.net/news/moola-market-hacker-returns-7-8-million-of-stolen-funds/","type":"other","url":""},{"credibility":3,"name":"https://quillaudits.medium.com/moola-market-9-million-price-manipulation-attack-quillaudits-728485ee5782","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/moola-markets-rekt","type":"other","url":""},{"credibility":3,"name":"https://beincrypto.com/benevolent-moola-market-defi-hacker-returns-9m-exploited-funds/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://quillaudits.medium.com/moola-market-9-million-price-manipulation-attack-quillaudits-728485ee5782","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/8ENVqveSYRcppTHOcxG29-moola-market","type":"other","url":""},{"credibility":3,"name":"https://www.anchain.ai/blog/moola-market-exploit","type":"other","url":""},{"credibility":3,"name":"https://www.investing.com/news/cryptocurrency-news/moola-market-loses-84-million-in-an-incredibly-simple-attack-2917091","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://moolamarket.medium.com/moola-market-proposal-10-unpausing-f6d39d4208c4","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/moola-market-attacker-returns-most-of-9m-looted-for-500k-bounty","type":"other","url":""},{"credibility":3,"name":"https://ambcrypto.com/moola-markets-exploit-its-an-october-turned-hacktober-for-the-crypto-market/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://moolamarket.medium.com/moola-raises-1-4m-seed-round-d7725601789a","type":"other","url":""},{"credibility":3,"name":"https://www.celocamp.com/post/hero-story-moola","type":"other","url":""},{"credibility":3,"name":"https://coin98.net/what-is-moola-market-moo","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/moola-market","type":"other","url":""},{"credibility":3,"name":"https://www.kraken.com/prices/moola-market","type":"other","url":""},{"credibility":3,"name":"https://www.coinbase.com/price/moola-market","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://en.wikipedia.org/wiki/ZachXBT","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/markets/2022/10/19/celo-protocol-moola-market-loses-over-10m-in-market-manipulation-attack","type":"other","url":""}]}],"sources_used":[],"summary":"Moola Market is a decentralized lending protocol built on the Celo blockchain, founded in 2020 by Patrick Baron and backed by Polychain Capital. In October 2022, the protocol suffered a price manipulation exploit draining approximately $9.1 million, making it one of the largest DeFi incidents on Celo; over 93% of funds were returned by the attacker within hours in exchange for a roughly $500,000 bounty. The protocol subsequently relaunched with reduced collateral thresholds, but its TVL and MOO token value have declined sharply since the incident.","timeline":[{"date":"2020-01-01","event":"Moola Market founded by Patrick Baron in San Francisco, CA.","source":""},{"date":"2021-03-01","event":"Moola raises $1.4 million seed round led by Polychain Capital and Flori Ventures.","source":""},{"date":"2022-10-18","event":"Price manipulation exploit begins at approximately 16:04 UTC. Attacker wallet 0x95B5579b323Ddc6cd290Bd4DA6e56BA019588EfC inflates MOO token price 6,400% via Ubeswap and drains approximately $9.1 million across CELO, cEUR, cUSD, and MOO.","source":""},{"date":"2022-10-18","event":"Moola Market pauses all protocol operations and publicly announces exploit. Team contacts law enforcement.","source":""},{"date":"2022-10-18","event":"An individual identifying as the attacker contacts the Moola team within approximately 10 minutes of the public announcement and confirms possession of exploited funds. Negotiations begin.","source":""},{"date":"2022-10-18","event":"Attacker returns 93.1% of stolen funds to the Moola governance multi-sig wallet. Attacker retains approximately 650,000 CELO (~$500,000) as a bounty and donates approximately 50,000 CELO (~$37,000) to ImpactMarket.","source":""},{"date":"2022-10-19","event":"CoinDesk, CoinTelegraph, and other major crypto outlets publish full coverage of exploit and fund return.","source":""},{"date":"2022-10-19","event":"Moola submits governance proposal ID 9 to remove MOO as viable collateral by reducing LTV and liquidation thresholds.","source":""},{"date":"2022-11-01","event":"Moola publishes Proposal 10 (Unpausing), outlining protocol restart plan including admin multisig transition, phased unpause, and user compensation for haircut balances.","source":""},{"date":"2023-01-01","event":"Protocol relaunches with revised governance structure and MOO reserve frozen. TVL and MOO token value begin sustained decline.","source":""},{"date":"2025-01-01","event":"Moola Market TVL stands at approximately $1.1 million; MOO market cap approximately $54,500. Protocol remains operational but dormant.","source":""}]},"v":1}