The decentralized finance protocol MakinaFi suffered a significant security breach on March 21, 2025, resulting in the loss of 1,299 ETH, valued at approximately $4.13 million. Blockchain security firm PeckShield identified the exploit, noting the rapid transfer of stolen funds to new wallet addresses. This incident has intensified scrutiny over smart contract security and asset protection within the DeFi community. In response to the hack, MakinaFi has suspended all contract interactions to prevent further losses and is conducting a comprehensive post-mortem analysis. The attack highlights ongoing vulnerabilities in DeFi systems, emphasizing the need for rigorous auditing and robust security measures. The protocol's native token experienced immediate price pressure, reflecting the broader impact on user trust and market sentiment.
MakinaFi DeFi Protocol Loses $4.1M in Ethereum Hack
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