Maiar decentralized crypto exchange goes offline after bug discovery

Cointelegraph

Published Jun 07, 2022 04:39AM ET

Updated Jun 07, 2022 06:20AM ET

The Maiar Exchange, a decentralized exchange (DEX) native to the Elrond blockchain, has been temporarily taken offline after an attacker utilized an exploit and made off with roughly $113 million worth of Elrond eGold (EGLD).

Minutes before 12:00 am UTC on Monday, the co-founder and CEO of Elrond, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized cryptocurrency exchange.

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