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Rizwan Ansari
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jan 20, 2026 05:50 UTC
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Makina Finance Suffers $4.2M Exploit as Hacker Drains Curve Pool
Makina Finance lost 1,299 ETH after hackers drained its DUSD/USDC CurveStable liquidity pool completely.
Blockchain security firm PeckShieldAlert first reported the exploit, confirming losses near $4.2 million total.
No exchange deposits detected yet, while Makina Finance has issued no official update publicly.
Makina Finance, a non-custodial DeFi execution platform, has been hit by a major exploit that resulted in losses of roughly 1,299 ETH, valued at around $4.2 million.
The attack drained a key CurveStable pool, which triggered concerns about fund safety. As of now, there is no update from Makina Finance regarding the hack.
Makina Finance Exploit Drains Curve Pool Funds
According to blockchainsecurity firm PeckShieldAlert, Makina Finance’s DUSD/USDC CurveStable pool was drained through an exploit. The attack targeted the non-custodial DeFi execution engine and led to losses of roughly 1,299 ETH, worth about $4.13 million at the time.
After draining the pool, the attacker quickly converted the stolen tokens into ETH, which offers higher liquidity and easier movement across wallets and the Ethereum network.
This step is commonly seen in DeFi exploits, especially when attackers plan to move large sums without causing immediate alerts.
MEV Builder Used to Hide Transaction Trail
Further on-chain data shows that the hacker routed the ETH through an MEV builder address. This method helps hide transaction paths and makes tracking more difficult, due to blurred transaction patterns.
Following the MEV routing, the ETH was split into two main wallets. One wallet (0xbed….bdE25) currently holds 1,023 ETH, worth around $3.3 million, while a second wallet (0x573….F910E) contains 276 ETH, valued near $880,000.
Meanwhile, the stolen fund is kept in these two wallet, as of now, there is no evidence of funds being sent to exchanges.
No Update From Makina Finance
Until now their is no update from Makina Finance regarding the hack. There has been no confirmation about user impact, recovery efforts, or planned security fixes.
The lack of communication has added to user uncertainty, while investigators continue to monitor wallet activity and track any further movement of the stolen funds.
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FAQs
Makina Finance was exploited through its DUSD/USDC CurveStable pool, resulting in the theft of 1,299 ETH worth around $4.2 million.
The attacker stole roughly 1,299 ETH, valued at about $4.2 million, making it one of the significant DeFi platform hacks in 2026.
Makina Finance has not released any official update regarding the hack, recovery efforts, or security measures, leaving users uncertain.
Investigators usually track wallet activity while platforms assess vulnerabilities and potential fixes. Any recovery or compensation depends on whether funds can be frozen, traced, or voluntarily returned.
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