In brief
Maya Protocol halted MAYAChain after an attacker extracted roughly $1.7 million in Bitcoin and other assets.
A post-mortem identified six bugs that created a false balance in a liquidity pool.
CACAO plunged nearly 89% as the value of MAYAChain's liquidity pools fell by roughly $10.9 million.
Cross-chain liquidity network Maya Protocol halted operations Tuesday after an attacker exploited six software flaws to drain roughly $1.7 million in Bitcoin and other assets.In a post on X explaining what happened, Maya Protocol founder AaluxxMyth, also known as Maya, said the team halted the network to contain the damage and would fix the vulnerability before resuming swaps.Myriad: Bitcoin's next move? Click to make your prediction."No way to sugar coat this," Maya wrote in a post. "We have likely been exploited by 20 BTC ($1.4M) and other assets ($300k)."Maya Protocol operates MAYAChain, a decentralized network that lets users swap cryptocurrencies such as Bitcoin and Ethereum across blockchains without using a centralized exchange.
