Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
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. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 6,500,000.
- chain
- —
- protocol
- Abracadabra
- bug_class
- access-control
- date_occurred
- 2024-01-31
- loss_usd
- $6,500,000
- source_id
- sm:abracadabra::2024-01-31