Maya Protocol founder AaluxxMyth said the decentralized liquidity protocol suffered a security exploit that led to the theft of about 20 BTC, worth roughly $1.4 million, plus another $300,000 in assets. The total loss is around $1.7 million. The team has paused operations, is fixing the vulnerability, and said it is speaking with relevant parties while looking at ways to replenish funds, including an Aztec Chain investment. AaluxxMyth also said the CACAO token would return to $0.115 if the 20 BTC were restored to the pool, and the team wants the attacker to accept the bug bounty and return the funds.
Maya Protocol founder AaluxxMyth said the decentralized liquidity protocol suffered a security exploit that drained about 20 BTC, worth roughly $1.4 million, along with another $300,000 in assets. The total loss is about $1.7 million.
The team has paused operations to contain further damage and is working on a fix before resuming trading.
AaluxxMyth said most of the loss came from arbitrage and pool fees caused by extreme slippage. The team is talking with relevant parties and plans to replenish funds through measures including an Aztec Chain investment.
He also said that if the 20 BTC are returned to the pool, the CACAO token price will recover to $0.115. The team wants the attacker to accept the bug bounty and return the funds.
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