Makina Finance Exploit Leads to $4.2 Million Loss in DeFi Attack

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This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

Makina Finance Suffers $4.2 Million Loss from Exploit Makina Finance, a decentralized finance protocol, experienced an exploit resulting in a loss of approximately $4.2 million. The attacker drained around 1,299 ETH from the platform, as reported by PeckShieldAlert. The incident highlights vulnerabilities in DeFi protocols and the ongoing risks associated with automated execution systems. 3 sources 21