Makina Finance, a non-custodial DeFi execution platform, has suffered a serious attack resulting in the theft of approximately 1,299 ETH, equivalent to $4.2 million. The incident targeted the DUSD/USDC CurveStable pool, raising significant concerns about the safety of user assets.
According to blockchain security firm PeckShieldAlert, the attacker exploited a vulnerability in this pool and quickly converted all assets into ETH to take advantage of high liquidity and flexible movement. On-chain data shows ETH was transferred through an MEV builder to obscure transaction traces and hinder tracking.
Subsequently, the stolen ETH was split into two main wallets, holding 1,023 ETH and 276 ETH respectively. There are currently no signs that the assets have been transferred to centralized exchanges. To date, Makina Finance has not issued an official statement, leaving the community in continued concern as investigators are still monitoring the developments.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ZachXBT Alleges Axiom Employee Misused Internal Data - Unchained
ZachXBT alleges an Axiom employee misused internal tools to access private user wallet data for profit and shared it with a select group tracking traders. Axiom responded by revoking access and initiating an investigation amid rising concerns about data ethics in crypto.
UnchainedCrypto02-27 12:18
The US OCC proposes to value spot crypto ETPs associated with clearing member custodians at zero
Foresight News reports that according to the SEC official website, the Options Clearing Corporation (OCC) proposes to implement "Specific Wrong-Way Risk" (SWWR) controls for spot cryptocurrency ETP positions held by clearing members or their affiliated institutions as custodians. In such cases, the relevant fund shares and option valuations will be set to zero to reduce credit exposure caused by cryptocurrency custody risks. Additionally, OCC plans to stop accepting letters of credit and GSE debt securities as eligible collateral.
GateNews02-27 09:24
Holdstation suffered a hacking attack resulting in a loss of 462,000 USDT, has suspended services, and promises full compensation.
Holdstation suffers a supply chain attack, with attackers stealing developer session tokens and injecting malicious code, resulting in a loss of 462,000 USDT funds. The team has suspended services, pledged to compensate affected users, and is working with security teams to investigate.
GateNews02-27 06:12
Less than a cent crashes liquidity of over $10,000,000; order attacks may drain Polymarket market makers
Author: Frank, PANews
An on-chain transaction costing less than $0.1 can instantly wipe out market-making orders worth tens of thousands of dollars from Polymarket's order book. This is not a theoretical scenario; it is a current reality.
In February 2026, a user revealed a new type of attack against Polymarket market makers on social media. Blogger BuBBliK described it as "elegant & brutal," because the attacker only needs to pay less than $0.1 in Gas fees on the Polygon network to complete an attack cycle in about 50 seconds, while victims—those market makers and automated trading bots placing genuine buy and sell orders on the order book—face order destruction or passive losses.
PANews has looked into
区块客02-26 14:45
Hong Kong virtual currency trading platform AAX executive accused of embezzling over 600 million HKD, now charged with 4 counts
Hong Kong virtual currency trading platform AAX ceased operations due to system maintenance, resulting in over 300 customers being unable to recover approximately HKD 100 million in assets. The person in charge fled and was later arrested. They are currently facing multiple charges including theft and fraud. The police have confirmed that victims have suffered losses of about HKD 81 million.
GateNews02-26 09:35
