MAYAChain Halts Network After $1.7M Exploit

Key facts

• Maya Protocol halted its network after an attacker exploited six bugs.
• An estimated $1.7 million in Bitcoin and other assets was stolen.
• The exploit involved six chained software bugs affecting trade accounts and liquidity pools.
• The CACAO token price dropped by 88.7%.

Maya Protocol halted its network Tuesday after an attacker exploited six software flaws to drain roughly $1.7 million in Bitcoin and other assets. The exploit involved six chained bugs that inflated a liquidity pool's CACAO balance, allowing the attacker to withdraw approximately 48.87 million CACAO. The price of the CACAO token collapsed by 88.7% following the incident. Maya Protocol founder AaluxxMyth stated the network was halted to contain damage and that a fix is being developed. The team estimated roughly $1.65 million was taken in total, with $1.36 million moved to external blockchains and about $291,000 remaining on-chain.