[IMPORTANT] DeFi Protocol MakinaFi Suffers $4M Exploit Leveraging MEV Frontrunning Techniques

MakinaFi, a DeFi protocol, experienced a security breach resulting in the theft of approximately 1,299 ETH, worth around $4.13 million. The stolen funds were traced on-chain, with significant amounts routed to two Ethereum addresses, and transactions linked to MEV builder involvement. The exploit appears to exploit transaction ordering mechanisms, with ongoing monitoring of the movement of these stolen assets.