Bearish
Maya Protocol exploited for $1.7 million; CACAO token crashes nearly 89%
Maya Protocol suffered a sophisticated exploit on August 18, 2026, where an attacker manipulated multiple vulnerabilities to siphon approximately $1.36 million in assets, including 48.87 million CACAO tokens. This led to a dramatic 88.7% drop in CACAO's value, from $0.115 to $0.013, within a few hundred blocks. The Maya Protocol team halted operations to prevent further damage and is working on recovery plans.
Key points
- Maya Protocol exploited for $1.7 million; network halted for recovery.
- CACAO token crashes nearly 89% following exploit.
- Maya Protocol team working on recovery and compensation plans.
Sources
AI-generated from public news sources. Not financial advice.
