Makina Finance, a non-custodial DeFi execution platform, has suffered a serious attack resulting in the theft of approximately 1,299 ETH, equivalent to $4.2 million. The incident targeted the DUSD/USDC CurveStable pool, raising significant concerns about the safety of user assets.
According to blockchain security firm PeckShieldAlert, the attacker exploited a vulnerability in this pool and quickly converted all assets into ETH to take advantage of high liquidity and flexible movement. On-chain data shows ETH was transferred through an MEV builder to obscure transaction traces and hinder tracking.
Subsequently, the stolen ETH was split into two main wallets, holding 1,023 ETH and 276 ETH respectively. There are currently no signs that the assets have been transferred to centralized exchanges. To date, Makina Finance has not issued an official statement, leaving the community in continued concern as investigators are still monitoring the developments.
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