Key Notes Makina Finance lost $4.2 million to hackers. The protocolโs TVL rose 20.5% despite the notable attack. Makina advised its liquidity providers to remove their assets. Makina Finance, a decentralized finance execution engine based on Ethereum, was exploited early on Tuesday, Jan. 20. Nevertheless, this protocol that automates advanced risk-managed investment strategies, like yield farming, for asset managers, AI agents, and funds, still recorded strong performance. Multiple blockchain security platforms, including TenArmor, flagged the attack on X. ๐จTenArmor Security Alert๐จ Our system has detected a suspicious attack involving #Makina…
DeFi Protocol Makina Finance Hacked for $4.2M, Advises LPs to Remove Liquidity
