Ethereum DeFi Platform Makina Hit by Flash‑Loan Oracle Manipulation, Drained ~1,299 ETH (~$4M)

Makina Finance, a non-custodial DeFi execution platform, was exploited when its DUSD/USDC CurveStable pool was drained for roughly 1,299 ETH (about $4.13–$4.2M). PeckShieldAlert reported the attacker converted the stolen assets into ETH, routed funds through an MEV builder to obfuscate the trail, and split proceeds into two wallets (~1,023 ETH and ~276 ETH). There is no evidence funds went to exchanges and Makina Finance has not publicly commented on user impact or recovery.
AI Analysis
The attacker drained ~1,299 ETH (~$4.13–$4.2M) from Makina’s DUSD/USDC Curve pool, converted proceeds to ETH, routed through an MEV builder, and split funds into two wallets; no funds were observed moving to exchanges and the protocol has not issued a public response.