Maya Protocol suffers $1.7M hack

Maya Protocol founder AaluxxMyth said the protocol was hit by a hack that led to the theft of about 20 BTC, worth roughly $1.4 million, and other assets worth about $300,000. According to PA News, the Maya Protocol team has halted operations to prevent further damage and is working on a fix for the vulnerability to restore trading. Most of the losses stemmed from arbitrage tied to severe slippage and liquidity pool fee losses. The team plans to recover funds through measures including an investment in Aztec Chain and will pay a bug bounty if the hacker returns the funds.