This attack was executed similarly to the Mango Markets exploit a week prior. Moola Market tweeted that they had "contacted law enforcement and taken steps to make it difficult to liquidate the funds. We are willing to negotiate a bounty payment in exchange for returning the funds within the next 24 hours." The attacker did eventually return 93% of the funds, keeping the remaining $588,000 as a "bug bounty".
The Celo-based borrowing and lending platform, Moola Market, suffered a major exploit when an attacker manipulated collateral prices to steal a collection of assets notionally worth around $8.4 million. After taking a loan of $MOO tokens on the platform, the attacker manipulated the price of those tokens to borrow all other tokens available on the lending protocol. The project dashboard currently shows 100% utilization, because the attacker emptied all funds that were available: a mix of $CELO, $cEUR, $MOO, and $cUSD that amount to around $8.4 million.