Makina: The hack only affected DUSD/USDC pool users and a snapshot was taken before the incident
BlockBeats News, January 21st. Multi-chain DeFi execution engine Makina has released the latest update on yesterday's hack. The hack only affected users providing liquidity to the Curve DUSD/USDC pool, with users holding DUSD, Pendle, and Gearbox positions remaining unaffected. Makina has currently identified clues about the hacker's identity and is actively engaging with them.
Prior to the attack, Makina had taken a snapshot of the Curve DUSD/USDC pool. If users are still providing liquidity in the Curve DUSD/USDC pool, please withdraw your funds to DUSD only until further notice. The team is taking additional measures, disabling the recovery mode and re-enabling the redemption function.
Yesterday, Makina was attacked on the Ethereum network, resulting in a loss of 5,107,871 USDC. Its vulnerability allowed the attacker to manipulate the pool's price, inflate the liquidity provider's asset value, and carry out an arbitrage attack.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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