Makina Finance suffers $5 million stablecoin pool exploit: CertiK
Decentralized finance protocol Makina Finance is the latest victim of a sophisticated smart contract exploit, with blockchain security firm CertiK reporting that roughly $5 million was drained from one of the protocol's stablecoin pools.
Makina Finance is a DeFi execution engine that launched operations in February 2025, according to its social media posts. The protocol, which describes its offerings as institutional-grade strategy vaults, currently holds $100.49 million in total value locked, according to DefiLlama data.
The Block has reached out to the Makina Finance team for comment.
This breach occurs after a year marked by significant crypto theft. According to a Chainalysis report, cryptocurrency theft totaled over $3.41 billion in 2025. North Korea was the most prolific threat actor, stealing a record $2.02 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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