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.
Forecast Trend Report by Period
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.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Market] Bitcoin tops $73,000…Ethereum up 6% day-on-day](https://media.bloomingbit.io/PROD/news/642c15b4-b908-4006-bbf3-aee96868d294.webp?w=250)
![XRP investors face mounting pressure with '60% in the red'…altcoin market stirs as Bitcoin rebounds [Kang Min-seung’s Altcoin Now]](https://media.bloomingbit.io/PROD/news/b2449b97-0c96-4b26-81d4-a706a3d01ea5.webp?w=250)