Ethereum DeFi Platform Makina Hit by Flash Loan Exploit, Loses $4M in ETH

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Makina Finance Suffers $4M Loss from Flash Loan Exploit The Ethereum DeFi platform Makina Finance was exploited in a flash loan attack, resulting in a loss of approximately $4 million in ETH. The exploit involved a flash loan of $280 million in USDC, which was used to manipulate the MachineShareOracle. The incident was detected by blockchain security firm PeckShield. 2 sources 30