Maya Protocol Becomes the 16th Crypto Hack Logged in August Alone
Maya Protocol has undergone a halt after an attacker exploited 6 chained bugs to empty roughly $1.7 million from the decentralized liquidity protocol.
The pseudonymous co-founder, Aaluxx, disclosed the losses. Native token CACAO collapsed by 88% as the attacker transformed the stolen provide into Bitcoin (BTC), Ethereum (ETH), and different belongings throughout all Maya liquidity swimming pools.
Maya Protocol Loses $1.7 Million in Latest Hack
The assault concerned a single transaction that bundled 23 separate directions. This construction tricked the community into thinking a theft had occurred.
The protocol then tried to compensate for the pool it believed had been robbed. However, the payout had no higher restrict, so the system credited about 49 million CACAO to a pool that held nearly nothing.
The credit score was by no means funded. Maya’s reserve held solely 168,000 CACAO, so the switch failed, leaving the inflated steadiness on the books.
The attacker deposited 100 CACAO into that pool, claimed 99.93% possession, and withdrew 48.87 million CACAO. That is almost half the token’s 100 million provide.
CACAO fell from $0.115 to $0.013 earlier than recovering to round $0.032. The attacker despatched 20.83 BTC, price roughly $1.34 million, to a single Bitcoin tackle throughout about 10 blocks.
Founder Aaluxx Myth introduced a world halt in the challenge on Discord and requested the attacker to return the funds.
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DeFi Hacks Keep Stacking Up in 2026
DefiLlama has logged 219 hacks price $1.26 billion up to now in 2026. All of 2025 produced 146 incidents, despite the fact that the greenback whole reached $2.71 billion.
August alone has produced 16 separate incidents. THORChain, the protocol Maya forked from, lost $10.7 million in May.
Recovery now will depend on whether or not the attacker accepts the bounty provide. Aaluxx Myth additionally stated the group will contact the arbitrage merchants who absorbed the pool worth.
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