MAYAChain Halts Network After $1.7M Exploit Drags CACAO Down 89%

Decentralized liquidity network MAYAChain has officially halted its operations after suffering a devastating exploit. According to a preliminary analysis, attackers managed to drain roughly 48.87 million CACAO tokens, which is worth about 1.7 million dollars.

The attack was highly sophisticated. The exploiter chained six different bugs together within a single transaction containing 23 messages. This complex maneuver allowed the attacker to bypass security measures and withdraw the massive stash of tokens directly from the protocol.

The market response to the hack was immediate and severe. Following the news of the drain, the price of the CACAO token crashed by nearly 89 percent. Liquidators and traders are now watching closely to see how the team plans to address the vulnerability and if any recovery plans are in store for affected users.

For now, the network remains paused while developers work on a fix. Users will have to wait for the official post mortem report and a safe network restart before they can access their funds or resume trading.