According to Mars Finance, on January 21st, Makina, a multi-chain DeFi execution engine, released an update on the hacker attack it suffered yesterday. The attack only affected users providing liquidity to the Curve DUSD/USDC pool; users holding DUSD, Pendle, and Gearbox positions were unaffected. Makina has identified the hacker and is actively contacting them. Makina took a snapshot of the Curve DUSD/USDC pool before the attack. If users are still liquidity providers in the Curve DUSD/USDC pool, please withdraw your funds unilaterally to DUSD until further notice. The official team is taking further measures, disabling recovery mode and re-enabling redemption functionality. Yesterday, Makina suffered an attack on the Ethereum network, resulting in a loss of 5,107,871 USDC. Its vulnerability allowed attackers to manipulate pool prices, artificially inflating the asset value of liquidity providers, thereby carrying out an arbitrage attack.
Makina: The hack only affected DUSD/USDC pool users; a snapshot taken before the incident has been taken.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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