Cross-Chain DeFi Execution Engine Makina Suffers Attack, Loses 5.1 Million USDC

BlockBeats News, January 20th, according to BlockSec Phalcon monitoring, the multi-chain DeFi execution engine project Makina suffered an attack on the Ethereum network, resulting in a loss of 5,107,871 USDC. Its vulnerability allowed the attacker to manipulate the pool price, inflate the value of liquidity provider assets, and carry out an arbitrage attack.