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Maya Protocol halts swaps after exploit drains CACAO tokens

A preliminary technical review tied the attack to six chained bugs and a 23-message transaction that pulled 48.87 million CACAO, while CACAO dropped about 88.7% during the incident.

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Maya Protocol halted its network after an attacker exploited software flaws, triggering an estimated $1.7 million crypto theft, according to Cointelegraph. The incident prompted a global halt intended to contain further damage and allow the protocol to work toward a fix to resume swaps.

Cointelegraph reports that the protocol’s pseudonymous co-founder Aalux said the attacker took about 20 Bitcoin, valued at $1.4 million, plus roughly $300,000 in other assets. The preliminary analysis also described how a single transaction with 23 messages was used to trigger false theft detection, inflate a low-liquidity pool, and withdraw 48.87 million CACAO from Maya’s Asgard module.

The analysis cited by Cointelegraph calculated that about $1.36 million was moved to external blockchains, while the attacker retained around $291,000 in CACAO and trade-account positions on MAYAChain. It said the six chained bugs involved elements such as trade accounts, outbound transaction handling, and liquidity pool calculations.

Cointelegraph adds that an independent blockchain security researcher, Vini Barbosa, said CACAO fell by about 88.7% during the incident, from roughly $0.115 to $0.013. The report also estimated a wider $10.9 million decline in pool value, but said that figure included arbitrage and token devaluation rather than only assets stolen by the attacker.

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