mayachain

Another protocol gets absolutely nuked.

Total carnage for MAYAChain. A $1.7M exploit used six chained bugs to drain CACAO, sending the token down 89%. This is a brutal reminder that security is still a massive weak point.

#MAYAChain #Exploit ‎

MAYAChain halts network after $1.7 million exploit

- The MAYAChain network has temporarily stopped operating following an exploit of a vulnerability estimated at around $1.7 million.
- Initial analysis indicates that six consecutive vulnerabilities allowed a single transaction containing 23 messages to drain 48.87 million CACAO tokens.
- The CACAO token fell sharply by nearly 89% after this event.

#BinanceSquare #CryptoNews #CACAO #MAYAChain #Security

$cacao

vlikevn Titanbot

Source: CoinTelegraph

🔐 SECURITY ALERT:

MAYAChain’s recent exploit reportedly saw around $1.36M moved off-network, but the impact appears much larger, with estimated pool losses approaching $11M.

The biggest question now is recovery. There’s still no final clarity on how losses will be allocated, when the protocol might restart, or how affected LPs could be compensated.

Another reminder that in DeFi, one exploit can create a much bigger ripple effect than the initial funds stolen. ⚠️

#MAYAChain #DeFi #CryptoSecurity #blockchain #Binance