Maya Protocol Exploited for ~$1.7M, Pools Drop $11M

The gap between the $1.7M loss and the $11M pool contraction is the real story: the direct theft is the smaller hit, while the broader liquidity drain reflects how quickly confidence and capital can exit a protocol once a multi-step exploit is confirmed. That chained-vulnerability structure matters because it suggests the failure was not a single coding slip but a sequence that survived whatever review existed. For DeFi more broadly, it reinforces that exploit risk is a liquidity risk, not just a treasury one. Whether Maya can restore pool depth without new incentives is the open question.