Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
    ExclusiveShow More
    Elon Musk with folded arms flanked by a giant Bitcoin coin, Tesla electric car, and SpaceX rocket launch
    Elon Musk’s Tesla and SpaceX Still Hold Over 30,000 Bitcoin: Why Is He Not Selling?
    Is ‘Paul Le Roux’ Really Satoshi Nakamoto What the Record Actually Shows
    Is ‘Paul Le Roux’ Really Satoshi Nakamoto? What the Record Actually Shows
    Bitget exchange coin token set in front of a blurred FTX building backdrop.
    Is Bitget the Next FTX? What the $351.6 Million Hack Does and Doesn’t Have in Common
    Gold Bitcoin BTC coin standing vertically in front of a rising green financial candlestick chart
    Inside Bitcoin’s September 2026 Rally: BTC Reclaiming $87K, $2B in ETF Inflows and a Short Squeeze
    CLARITY Act Fails 49-50 in US Senate as SEC & CFTC Move Ahead on Crypto Rules Within 48 Hours
    CLARITY Act Fails 49-50 in US Senate as SEC & CFTC Move Ahead on Crypto Rules Within 48 Hours
  • Opinion
    OpinionShow More
    Donald Trump speaking at a presidential podium with the White House and U.S. Capitol building in the background.
    Trump Just Declared the Super Intelligence Era in the “Unites States.” So Who Controls It?
    Comparison of Bybit 12-hour, Bitget 85-hour, and WazirX 463-day response timers
    Bitget, Bybit Paid in Hours; WazirX Lost Least in Hacks at $235M, Held Users Hostage for 463 Days
    Jackson Hole 2026: Crypto Is No Longer Outside the Fed’s Door
    Jackson Hole 2026: Crypto Is No Longer Outside the Fed’s Door
    The Architecture of Trust Same Routes, New Risks in Global Tokenisation
    The Architecture of Trust: Same Routes, New Risks in Global Tokenisation
    The Architecture of Trust What 4,000 Years of Trade Teach Us About RWA Tokenisation
    The Architecture of Trust: What 4,000 Years of Trade Teach Us About RWA Tokenisation
  • Learn
    • Explained
    • How To
    • Insights
  • IndicesNew
    • India USDT Premium Index
    • India USDC Premium Index
  • Videos
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • Daily Crypto Puzzles
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • IndicesNew
    • India USDT Premium Index
    • India USDC Premium Index
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
    • Daily Crypto Puzzles
  • Videos
  • Glossary
Follow US
© 2026 By Crypto Times. All Rights Reserved.
DeFi News

Maya Protocol Hit by $1.7M Exploit in First Major Breach Since 2023

The exploit dealt a major blow to Maya’s security record as its CACAO token faced sharp selling pressure following the breach.

Written By Dishita Malvania
Edited by Divya Mistry
Published 2026-08-19·Updated 2 months ago
Make The Crypto Times preferred on GoogleGoogle
Maya Protocol Hit by $1.7M Exploit in First Major Breach Since 2023

Cross-chain liquidity protocol Maya Protocol has been exploited for approximately $1.7 million, marking the first significant loss-of-funds incident for the THORChain fork since its mainnet went live in April 2023.

Blockchain security firm PeckShield flagged the incident through its alert channels, reporting that roughly $1.7 million worth of crypto had been drained from the protocol’s vault infrastructure. The disclosure was followed by an on-chain acknowledgement from Maya co-founder Aaluxx, who confirmed the breach and outlined the team’s immediate response.

AI Summary
Show
Attacker drained $1.7 million from Maya’s Asgard and Yggdrasil vaults before solvency checks could trigger.
Maya’s automated halt mechanism activated a 720‑block (≈1‑hour) trading pause, freezing deposits and withdrawals.
Protocol uses Cosmos‑SDK, Tendermint consensus and GG20 threshold signatures to manage native cross‑chain swaps without wrapping.

Maya Protocol operates as a friendly fork of THORChain, using the Cosmos-SDK, Tendermint consensus, and GG20 Threshold Signature Scheme to manage native cross-chain swaps without wrapping or bridging assets. The protocol’s roughly 38 active validators jointly custody user funds in Asgard and Yggdrasil vaults across supported chains including Bitcoin, Ethereum, Dash, Zcash, RUNE, and Arbitrum. Total value locked on the protocol had been hovering around the $15 million mark heading into the incident, per DeFiLlama figures.

On-chain footprint of the drain

The attacker moved funds out of Maya’s externally-held vaults before the protocol’s automated solvency checker and node-level halt mechanisms could fully contain the outflow. Under Maya’s security design, chain-specific trading is meant to auto-pause once solvency deviates beyond safe thresholds, with individual node operators able to trigger a 720-block (roughly one-hour) HaltTrading window that stacks with additional node calls.

Alert noted the exploiter’s address and the assets involved, though a full transaction-level post-mortem tracing the attack path had not been published at press time. Maya’s chain-halt Mimir flags were activated in the immediate aftermath, freezing further deposits and withdrawals on the affected pools while validators and the development team investigated.

The $1.7 million figure represents just over 10% of Maya’s tracked total value locked (TVL), a significant hit for a protocol whose CACAO token has a circulating market cap of roughly $10 million and trades around $0.10, down more than 92% from its all-time high of $1.43.

Aaluxx confirms breach, points to fix

In his public statement, Aaluxx acknowledged the exploit, thanked node operators for their rapid response, and indicated the team had identified the vulnerability and was preparing a patch. 

Maya’s post-incident stance historically mirrors THORChain’s post-2022 approach: halt trading first, audit and patch the code, then resume operations, rather than issue a treasury-funded bailout. Under the protocol’s design, loss events are typically socialised across liquidity providers and bonded nodes per Maya’s economic security model.

Maya’s Immunefi bug bounty program caps critical vulnerability payouts at $35,000, a figure that has drawn attention from security researchers who have flagged Maya’s ETH Router contract as still carrying a “Draft 3” audit label from Halborn as of earlier this year. The inherited Bifrost architecture from THORChain was the same interface exploited in July 2021 for a combined $15 million across two separate incidents.

Second cross-chain hit in months for the THOR ecosystem

The Maya incident lands roughly three months after THORChain itself was drained of approximately $10.8 million on May 15, 2026, in what the team later revised to a $7.4 million loss after one of six Asgard vaults was confirmed compromised. That exploit spanned Bitcoin, Ethereum, BNB Smart Chain, and Base, forced a full trading halt, and pushed RUNE down roughly 15% on the day. THORChain’s planned Monero integration was postponed indefinitely as a result.

The broader picture remains grim for cross-chain infrastructure. PeckShield’s own tallies show eight major bridge and cross-chain exploits drained a combined $328.6 million through mid-May 2026 alone, with cumulative DeFi hack losses for the year clearing $750 million by mid-April on the back of the $292 million Kelp DAO and $285 million Drift Protocol incidents. June added another $75.9 million across 40 separate incidents, led by the $31 million Humanity Protocol breach.

Maya’s incident, while smaller in dollar terms, is structurally notable because the protocol had gone more than three years without a documented loss-of-funds event, a track record its team and community frequently cited as validation of the “halt first” security posture. The full technical breakdown of how the attacker bypassed Maya’s solvency checks, TxOut throttler, and node-level circuit breakers is expected in a post-mortem from the Maya team in the coming days.

Also Read: Hackers Exploit Apple Screen Sharing Flaw to Mine Monero on Macs

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News

Daily Crypto Puzzles
Tickerdle Tickerdle Crypto Connections Crypto Connections Crypto Crossword Crypto Crossword
TAGGED:Crypto Hack
Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Daily Crypto Puzzles

Tickerdle crypto game Tickerdle Crypto Connections game Crypto Connections Crypto Crossword game Crypto Crossword

Latest News

Smartphone displaying Starknet (STRK) price chart in front of Starknet office wall signage.
Starknet STRK Jumps 22.9% as Trading Volume Surges 
Smartphone displaying the Ondo Finance logo in front of Ondo wall signage.
Ondo Tokenized Value Hits $4B Across 10 Networks
Smartphone displaying the Aptos logo next to a magnifying glass showing the Aptos emblem in front of a red market chart.
Fact Check: Aptos Shutting Down the Chain in 6 Months?
Charles Hoskinson wearing glasses and a suit jacket seated in front of an IOHK logo backdrop.
Hoskinson Disputes Midnight’s $1.81 NIGHT Price Peak on CoinMarketCap
Bitcoin, Ethereum, and Solana physical tokens next to stacked ETF blocks in front of a red market chart.
Crypto ETFs Record $26.15M Outflow in Latest Week

Find Us on Socials

You may also like

Gala Games, Base, and Uniswap physical cryptocurrency tokens arranged in a row in front of a market chart.

GoldPesa’s GPXHooks Allegedly Drained for $114K in Base Exploit

NEAR Protocol (NEAR) physical coin standing next to stacked gold coins and a crypto wallet.

NEAR Intents Ends Exploit Probe After $3.8 Million Is Returned

Blast Layer 2 protocol logo in neon yellow against a dark background.

Blast Shuts Down Ethereum L2 as Operating Costs Exceed Revenue

Drift Protocol logo and wordmark set against a dark digital background.

Drift Opens DFX Claims at 1 Cent Per Token After April Exploit

The Crypto Times Logo PNG

News

All News
Market News
Bitcoin News
Ethereum News
Altcoin News
Regulations & Policies
DeFi News
Blockchain News
Industry News

Sections

Exclusive
Opinions
Learn
Insights
Videos
Glossary

India Premium Indices

Stablecoins
USDT
USDC

Play

Daily Crypto Puzzles
Tickerdle
Crypto Connections
Crypto Crossword

Company

About Us
Our Authors
Masthead
Editorial Policy
AI Policy
Advertorial Policy
Contact Us
Career

Follow Us

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information