Makina Finance Loses Over $4 Million in Flash Loan Attack

Makina Finance Loses Over $4 Million in Flash Loan Attack

First seen 22 Jan 2026, 21:42 UTC •CryptopotatoThepaypers •88% similarity •27.3

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Makina Finance, an Ethereum-based DeFi platform, experienced a flash loan exploit on January 20, resulting in a loss of 1,299 ETH, valued at approximately $4.13 million. The attacker utilized MEV bots to front-run transactions and manipulated the price of the Dialectic USD/USDC Stableswap pool, leading to the significant financial damage reported by blockchain security firms.

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Timeline

2026-01-20
Makina Finance exploited in flash loan attack, losing 1,299 ETH
Recent
PeckShieldAlert reports on the exploit
Date unknown
Investigation into the exploit begins

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Makina Finance Base Ethereum Truebit Protocol Curve Financial Data Breach