Makina Finance Exploit Drains 1,299 ETH in Major DeFi Hack
Makina Finance, a DeFi protocol, was exploited early Tuesday, with about $4.13 million in Ethereum stolen, according to on-chain data reviewed by blockchain security firm PeckShield.
The attack involved the withdrawal of 1,299 ETH, which was moved out in a single transaction. PeckShield said the attacker was front-run by a MEV builder during the execution of the transaction, a detail that became clear after reviewing the on-chain flow of funds.
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