Decentralized exchange Maiar exploited for $113 million

Hackers were able to discover and exploit a bug in the decentralized exchange Maiar, stealing $113 million. Maiar developers took the exchange offline soon after discovering the exploit, but not before the hackers made off with 1.65 million EGLD (the native token of the Elrond blockchain, on which Maiar is built). The sale of the pilfered EGLD caused the token to plummet from $76 to $5 on the Maiar exchange.

Maiar's founder and CEO has claimed that "most exploited funds have been either recovered in full, or will be covered by the Elrond Foundation", though it's not clear how (or if) any of the funds were recovered.