Maya Protocol Suffers $1.7M Loss in Sophisticated Six-Bug Exploit

The DeFi protocol Maya Protocol has fallen victim to a sophisticated six-bug exploit that resulted in a loss of approximately $1.7 million.

The attack, which occurred on August 18, involved a hacker deceiving Maya into awarding a nonexistent subsidy and then repeatedly adding and removing liquidity to extract assets from shared pools.

CertiK estimated the total direct loss at around $1.7 million, while developer Vini Barbosa called it a 'sophisticated 6-bug exploit' that took over $1.36 million in hard assets out of the protocol.