A preliminary analysis says six chained bugs let a 23-message transaction drain 48.87 million CACAO, sending the token down nearly 89%.
[Update, 09:25 UTC, Aug. 19: Adds details on the exploit mechanics and its impact on MAYAChain’s liquidity pools.]
Cross-chain decentralized exchange (DEX) Maya Protocol halted its network after an attacker exploited a series of software flaws to obtain an estimated $1.7 million in crypto.
On Wednesday, Maya Protocol’s pseudonymous co-founder Aalux said the attacker stole about 20 Bitcoin worth $1.4 million and another $300,000 in assets. They said the halt prevented further damage and the team had started working on a fix to resume swaps.
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