Security Incident
Abracadabra Contract Vulnerability: $6.50M Reported Loss
The DeFi protocol Abracadabra Money (MIM_Spell) has fallen victim to an attack, resulting in approximately $6.5 million in losses.
- Reported loss
- $ 6,500,000
- Attack category
- Contract Vulnerability
Incident Overview
Following the attack, Abracadabra.Money (MIM_Spell) provided an update on the situation via Twitter, stating that their technical team identified the vulnerability. Preliminary findings indicate the exploit targeted specific Cauldrons V3 & V4, allowing unauthorized MIM borrowing. They’ve mitigated the issue by setting borrowing limits to zero for these cauldrons.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.