Ethereum DeFi Platform Makina Hit by Flash Loan Exploit, Loses $4M in ETH – Decrypt
In brief Ethereum-based DeFi platform Makina Finance has lost over $4 million in ETH following a flash loan exploit. Most of the funds are not in the hacker’s possession, with an MEV builder frontrunning the transaction that drained Makina. While flash loans were a recurring event in 2025, the DeFi sector as a whole witnessed...
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