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      Maya Protocol Suspends Operations Following $1.7 Million Bitcoin Exploit

      Maya Protocol has halted all operations after an attacker exploited a series of six software vulnerabilities, resulting in the theft of approximately $1.7 million in Bitcoin and other assets. The exploit allowed the attacker to manipulate the protocol's liquidity pool accounting, inflating the recorded balance and generating an artificial payout of nearly 49 million CACAO tokens, which were then withdrawn and converted into Bitcoin.

      The incident caused a significant drop in the value of CACAO, the protocol's native token, which plummeted by 88.7% in a single day, falling from around $0.115 to as low as $0.013 before a partial recovery. The total estimated losses across the protocol, factoring in the market reaction and liquidity pool damage, have reached approximately $11 million.

      Aalux, the pseudonymous co-founder of Maya Protocol, confirmed the details of the exploit and the immediate decision to suspend all activity on the MAYAChain network to mitigate further losses. Security firm PeckShield has been engaged to monitor on-chain activity related to the incident. This event highlights ongoing vulnerabilities in cross-chain decentralized finance (DeFi) systems, which have faced similar issues in the past, including those experienced by THORChain, Maya's architectural predecessor.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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