Maya Protocol Becomes the 16th Crypto Hack Logged in August Alone
Maya Protocol has undergone a halt after an attacker exploited 6 chained bugs to drain roughly $1.7 million from the decentralized liquidity protocol.
The pseudonymous co-founder, Aaluxx, disclosed the losses. Native token CACAO collapsed by 88% as the attacker converted the stolen supply into Bitcoin (BTC), Ethereum (ETH), and other assets across all Maya liquidity pools.
Maya Protocol Loses $1.7 Million in Latest Hack
The attack involved a single transaction that bundled 23 separate instructions. This structure tricked the network into thinking a theft had occurred.
The protocol then tried to compensate for the pool it believed had been robbed. However, the payout had no upper limit, so the system credited about 49 million CACAO to a pool that held almost nothing.
The credit was never funded. Maya's reserve held only 168,000 CACAO, so the transfer failed, leaving the inflated balance on the books.
The attacker deposited 100 CACAO into that pool, claimed 99.93% ownership, and withdrew 48.87 million CACAO. That is nearly half the token's 100 million supply.
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