Moonwell's Base Core market for cbBTC has been frozen since an exploit on August 27 left the pool with effectively zero withdrawable funds. The attacker manipulated collateral and oracle prices to borrow excessively, causing $9.1 million in bad debt. Despite governance efforts to reduce interest on bad debt, no clear plan exists to repay suppliers, many of whom still see full balances in their wallets but cannot withdraw. A formal request urges Moonwell to publish a remediation plan, update on fund recovery, and clarify if treasury funds will be used. The issue also affects cbETH suppliers, and the community awaits governance action to resolve the liquidity crisis.
Moonwell's cbBTC liquidity crisis follows an exploit that froze its Base Core market. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 04, 2026 17:01 WIB: out of 50 priced major cryptocurrencies, 42 rose and 6 fell today. BAT was priced at Rp2.469 with an 8.57% increase and a Pluang order activity of 78% Sell / 22% Buy, EOS rose 8.13% to Rp12.649, and YFI gained 6.04% to Rp36.997.705 with a Pluang order activity of 42% Sell / 58% Buy.
Sampo Oyj has canceled 37,827,020 of its own A-shares as per the board's decision, with the cancellation registered today. These shares were acquired through a buyback program announced on May 6, 2026, and repurchased between May 7 and September 24, ...
Solvay's Q3 2026 underlying net sales fell 3.3% organically to €1,031 million, impacted by the Middle East conflict and weak soda ash markets. EBITDA dropped 26.6% organically to €173 million, partly due to a €25 million impact from the conflict and ...
STMicroelectronics announced a unified STM32 microcontroller platform that spans industrial, automotive, and robotics applications, enabling developers to reuse architectures, software, and tools across these sectors. The new STM32A family extends th...
dsm-firmenich announced a strong Q3 2026 trading update with 5% like-for-like sales growth and an improved Adjusted EBITDA margin of 20.4%. The company’s performance was driven by volume growth across its three business units: Perfumery & Beauty, Tas...
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net withdrawals totaling $1.16 billion over three trading days through November 3, continuing a losing streak despite a slowdown in daily outflows. The withdrawals are seen as a short-term re...
