BlockBeats news: On January 20, according to monitoring by BlockSec Phalcon, the multi-chain DeFi execution engine project Makina was attacked on the Ethereum network, resulting in a loss of 5,107,871 USDC. The vulnerability allowed attackers to manipulate the pool's pricing, artificially inflating the asset value of liquidity providers, thereby enabling an arbitrage attack.
DeFi Execution Engine Makina Hacked, Loses 5.1 Million USDC
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Summary
On-chain data shows that on January 20, 2026, the multi-chain DeFi execution engine Makina was attacked on Ethereum, resulting in a loss of 5,107,871 USDC. Attackers exploited a vulnerability to manipulate pool prices and inflate liquidity provider values. On-chain analysis reveals that the exploit enabled an arbitrage attack, draining funds from the protocol.
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