The Maya Protocol team has hit the brakes on its network after getting hit by a hacker. The exploit led to a $1.7 million loss from the protocol.

What We Know About the Hack

According to official updates, Maya Protocol’s team detected an unauthorized withdrawal totaling $1.7 million. Once the attack was spotted, the devs decided to pause the network to stop the bleeding and figure out the full extent of the damage.

Team Response and Next Steps

The team moved quickly to go public about the incident and kicked off an investigation. Devs are digging into the vulnerability that let the hacker access user funds, and they’re already working on beefing up protocol security.

Impact on Users

With the Maya Protocol network still on pause, users can’t make any transactions right now. The team says they’ll share more updates about what’s next and when things might get back online.