DeFi protocol Makina loses $5M in hack

The DeFi protocol Makina has been exploited for approximately $5 million from its DUSD/USDC pool, according to blockchain security firm CertiK. The attacker used a flash loan to manipulate an oracle before draining the entire pool. Makina, a protocol with a total value locked (TVL) of $100.49 million, has not yet officially acknowledged the incident but stated that an investigation is underway. The protocol is advising its liquidity providers to withdraw their funds.