---
id: 5428
title: "Maiar DEX went offline. Bug in Elrond smart contract a reason"
source_domain: hackenproof.com
source_url: "https://hackenproof.com/blog/maiar-dex-went-offline-bug-in-elrond-smart-contract-a-reason"
published_at: "2023-06-22T16:44:26Z"
tags: ["web3", "smart-contracts", "defi", "incident-analysis", "elrond", "maiar-dex", "egld"]
phying_url: "https://phying.com/item/5428"
lang: en
---

# Maiar DEX went offline. Bug in Elrond smart contract a reason

## Summary

Analysis of the Maiar DEX exploit: a callback flaw in Elrond's new VM function let an attacker drain over 1.6M EGLD, forcing an emergency shutdown and a 95% price crash in half an hour.

## Intelligence Metadata

- **Sources:** hackenproof.com
- **Published:** 2023-06-22T16:44:26Z
- **Original:** https://hackenproof.com/blog/maiar-dex-went-offline-bug-in-elrond-smart-contract-a-reason
- **Phying News:** https://phying.com/item/5428