Digital Asset
Intelligence
Security Incident

Abracadabra Contract Vulnerability: $6.50M Reported Loss

·Historical incident record

Incident Overview

The DeFi protocol Abracadabra Money (MIM_Spell) has fallen victim to an attack, resulting in approximately $6.5 million in losses. 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

Original incident referencehttps://twitter.com/MIM_Spell/status/1752368458715607261 (opens in a new tab)

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.

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