On October 18, 2022, attacker exploited Moola Market on Celo by manipulating MOO token's low-liquidity price oracle to inflate collateral value, allowing unauthorized borrows and draining $8.4M in multiple tokens.

On October 19, the Moola protocol on Celo was attacked, and the hackers made a profit of about $9 million. This attack is a price manipulation attack. The attackers returned about 93.1% of the proceeds to the Moola Market project, donating 500,000 CELO to the impact market. Left a total of 650,000 CELO as a bounty.