Makina Protocol Suffers $5M Flash Loan Hack, Exposing Critical Oracle Vulnerability
- Attack Overview: On March 21, 2025, the Makina protocol suffered a flash loan attack resulting in a loss of approximately $5 million, exposing critical oracle vulnerabilities in its DUSD/USDC liquidity pool, which directly impacts user trust and the protocol's long-term viability.
- Attack Mechanism: The attacker utilized a flash loan to manipulate the price oracle, draining the liquidity pool's assets entirely within a single transaction, highlighting the severe dependency of DeFi protocols on external data sources.
- Industry Impact: This incident not only causes significant financial loss for the Makina protocol but may also trigger regulatory scrutiny across the entire DeFi ecosystem, prompting projects to adopt more conservative security models to combat increasing security threats.
- Future Outlook: The Makina team has initiated an investigation and advised liquidity providers to withdraw funds, but has yet to release a detailed report or reimbursement plan; transparent follow-up communication will be crucial for rebuilding user trust.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000199 | 0.000247 | 0.000288 | 0.000336 | 0.000377 | 0.000425 | 0.000466 |
| Fibonacci | 0.000247 | 0.000281 | 0.000302 | 0.000336 | 0.00037 | 0.000391 | 0.000425 |
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