Maya Protocol Exploited for $1.7M in BTC and Other Assets

BitcoinWorld Maya Protocol Exploited for $1.7M in BTC and Other Assets Maya Protocol, a cross-chain liquidity protocol, has been hit by a security exploit that resulted in the theft of approximately 20 Bitcoin (BTC) and other digital assets, with total losses estimated at $1.7 million.

The protocol’s founder, known as AaluxxMyth, confirmed the incident, stating that the attack targeted liquidity pools and exploited severe slippage conditions.

Details of the Exploit According to a report from PA News, the attack occurred when the attacker manipulated trading conditions to trigger significant slippage, leading to substantial losses from liquidity pool fees.

The stolen funds include roughly $1.4 million in BTC and an additional $300,000 in other assets. The team has temporarily halted all trading and swaps on the platform to prevent further damage while they work on a patch for the underlying vulnerability.