Makina Finance Hack Results in $4.2M Loss, Liquidity Providers Warned

Makina Finance, a decentralized finance execution engine on Ethereum, was exploited, resulting in a loss of approximately $4.2 million. The attack targeted the DUSD/USDC CurveStable liquidity pool.

Blockchain security platforms like TenArmor flagged the attack.
The hack compromised the DUSD Curve pool, exposing liquidity providers to losses.
Makina Finance advised liquidity providers to withdraw their assets from the affected pool.
The protocol activated security mode across all contracts to prevent further damage.

Despite the breach, Makina's total value locked increased by 20.5% within 24 hours, reaching $100.47 million, according to DeFiLlama data. The platform also reached a new all-time high by collecting over $128,000 in fees in one day.

In 2025, crypto thefts amounted to $4 billion, with hacks accounting for over $3 billion. Notable incidents include Bybit's $1.5 billion hack and a recent $282 million theft from multiple wallets.