Decentralized lending platform Abracadabra Money suffered a major security breach, resulting in the loss of approximately $13 million worth of its Magic Internet Money (MIM) stablecoin. The exploit, ...

Abracadabra.Money lost $13 million in an exploit that targeted liquidity pools using GMX tokens. The hack drained 6,262 ETH, worth approximately $13 million. According to crypto security firm ...

The decentralized finance (DeFi) community was once again rattled by a significant security breach targeting Magic Internet Money (MIM), a USD-pegged stablecoin issued by the Abracadabra protocol.

Abracadabra lost $13 million in ETH after a hack targeting GMX-linked pools, but GMX denies its smart contracts were involved in the vulnerability. About $13 million worth of cryptocurrency has been ...

Get the popcorn in, because I swear it's true. A cross-chain lending platform called Abracadabra Money has confirmed that an exploit allowed one user to drain at least $6.49 million in Ethereum-based ...

Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli.

DeFi project Abracadabra has suffered a fresh exploit that drained about $1.7 million from its platform. Blockchain security firm Go Security flagged the breach on October 4 and confirmed that ...