Mayachain's $1.36 Million Exploit Spirals into $11 Million Pool Damage

MAYAChain's $1.36 million exploit has resulted in nearly $11 million of damage to its liquidity pools.

The attack began with an attacker moving about $1.36 million in hard assets to external chains, primarily consisting of 20.83 BTC worth around $72,617 at the time.

The impact across the network's liquidity pools was estimated to be close to $11 million, largely due to a false accounting entry that created an inflated balance in one pool.

This balance became withdrawable, and when CACAO collapsed, it led to a repricing of the remaining liquidity in the network.

Maya Protocol's founder, Aaluxx, stated on August 18th that the team would fix the incident and 'recover in full.'