Maya Protocol Exploit Drains $1.7M, Sending CACAO Crashing 88.7%
A cross-chain exploit has forced Maya Protocol to shut down its entire network, after an attacker drained roughly $1.7 million in Bitcoin and other digital assets by chaining together six separate software flaws. The Maya Protocol exploit triggered a global halt on Wednesday and sent the project’s native CACAO token into a steep, almost instant collapse, raising fresh questions about how secure cross-chain infrastructure really is.
Key takeaways
- Maya Protocol halted its cross-chain network after an attacker stole an estimated $1.7 million in crypto assets.
- The attacker chained six separate software flaws together in a single transaction containing 23 messages.
- About $1.36 million moved to external blockchains, while roughly $291,000 remained in attacker-controlled positions on MAYAChain.
- The attacker took around 20 Bitcoin, worth about $1.4 million, plus another $300,000 in other assets.
- CACAO’s price crashed 88.7%, falling from about $0.115 to $0.013 during the incident.
How the Maya Protocol exploit unfolded
The attack was not the result of a single bug but a carefully sequenced combination of weaknesses across the protocol’s transaction and accounting layers. Maya Protocol’s pseudonymous co-founder, known as Aalux, confirmed on Wednesday that the attacker made off with about 20 Bitcoin, worth roughly $1.4 million, along with an additional $300,000 in other assets, before the team activated a network-wide halt to stop further losses.
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