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MakinaFi Exploit Drains $4.1 Million in ETH, Funds Parked in Two Wallets as Response Lags

On-chain analysts link the theft to MEV-style, preemptive execution via a builder address.

Overview

  • PeckShieldAlert flagged the removal of 1,299 ETH and traced the flow across Ethereum wallets.
  • The stolen ETH sits at 0xbed2…dE25 with about $3.3 million and at 0xE573…f905 with roughly $880,000, with no onward transfers observed.
  • Investigators identified ties to an MEV builder address (0xa6c2…), indicating transaction-order manipulation tactics.
  • MakinaFi has issued no technical explanation, investigation update, or compensation plan following the breach.
  • Analysts are monitoring the addresses for any moves toward mixers or centralized exchanges that could allow intervention or asset freezes.