Makina Finance DUSD/USDC Pool Exploited for $5 Million: CertiK Report
The DUSD/USDC pool on Makina Finance experienced an exploit resulting in a loss of approximately $5 million. Security firms, including CertiK, reported that the exploit was executed using a flash loan. The development highlights the ongoing risks associated with decentralized finance (DeFi) protocols and the importance of security audits and monitoring to protect user funds. Flash loan attacks have become a common method for exploiting vulnerabilities in DeFi platforms, allowing attackers to manipulate prices and drain liquidity pools.
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