Maya Protocol founder AaluxxMyth said the protocol was hit by an attack that led to the theft of about 20 BTC, worth roughly $1.4 million, along with other assets worth about $300,000. The team has paused global operations to contain losses and is working on a fix before trading resumes. According to the disclosure, most of the losses were tied to arbitrage and pool fees triggered by extreme slippage. The team is in contact with relevant parties and said it plans to make up the shortfall through methods including Aztec Chain investments. AaluxxMyth also said that if the 20 BTC is returned to the pool, the CACAO token price would recover to $0.115. The team said it wants the attacker to accept a bug bounty and return the funds.
ChainCatcher reported that Maya Protocol founder AaluxxMyth said the protocol had suffered an attack, with about 20 BTC, worth roughly $1.4 million, and other assets worth about $300,000 stolen.
The team has paused global operations to contain losses and is fixing the vulnerability before restoring trading.
According to the disclosure, most of the losses came from arbitrage and pool fees caused by extreme slippage. The team is communicating with relevant parties and plans to replenish the funds through methods including Aztec Chain investments.
AaluxxMyth also said that if the 20 BTC is returned to the pool, the CACAO token price would recover to $0.115. The team is also asking the attacker to accept a bug bounty and return the funds.
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