Summary
- A hack occurred in the DUSD/USDC pool of DeFi protocol Makina, with about $5 million in assets stolen.
- CertiK assessed that the attacker used a flash loan to manipulate the oracle price and then drained liquidity pool funds.
- Makina, which has about $100.49 million in TVL, has not officially acknowledged the hack, but is conducting an internal investigation and was reported to have advised liquidity providers (LPs) to withdraw their funds.
A hack has been reported in the DUSD/USDC pool of DeFi protocol Makina, with roughly $5 million worth of assets stolen.
According to blockchain security firm CertiK, the attacker used a flash loan to manipulate the oracle price and then drained funds from the liquidity pool.
Makina is a DeFi protocol with total value locked (TVL) of about $100.49 million, and it has yet to officially acknowledge the incident. However, an internal investigation is underway, and it was reported that liquidity providers (LPs) were advised to withdraw their funds.
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