Six-Bug Exploit Halts Maya Protocol After $1.4 Million in Bitcoin Stolen
In brief Maya Protocol halted MAYAChain after an attacker extracted roughly $1.7 million in Bitcoin and other assets. A post-mortem identified six bugs that created a false balance in a liquidity pool.
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Key Facts
- Fact 1: In brief Maya Protocol halted MAYAChain after an attacker extracted roughly $1.7 million in Bitcoin and other assets.
- Fact 2: CACAO plunged nearly 89% as the value of MAYAChain's liquidity pools fell by roughly $10.9 million.
- Fact 3: Cross-chain liquidity network Maya Protocol halted operations Tuesday after an attacker exploited six software flaws to drain roughly $1.7 million in Bitcoin and other assets.
- Fact 4: "We have likely been exploited by 20 BTC ($1.4M) and other assets ($300k)." Maya Protocol operates MAYAChain, a decentralized network that lets users swap cryptocurrencies such as Bitcoin and Ethereum across blockchains without using a centralized exchange.
In brief Maya Protocol halted MAYAChain after an attacker extracted roughly $1.7 million in Bitcoin and other assets. A post-mortem identified six bugs that created a false balance in a liquidity pool.
CACAO plunged nearly 89% as the value of MAYAChain's liquidity pools fell by roughly $10.9 million. Cross-chain liquidity network Maya Protocol halted operations Tuesday after an attacker exploited six software flaws to drain roughly $1.7 million in Bitcoin and other assets. In a post on X explaining what happened, Maya Protocol founder AaluxxMyth, also known as Maya, said the team halted the network to contain the damage and would fix the vulnerability before resuming swaps.
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Original source: Decrypt
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