Abracadabra loses $13 million in "Magic Internet Money"
An attacker using a flash loan attack stole $13 million in the Magic Internet Money token from the Abracadabra project. The attack was enabled by a bug in the platform's smart contracts, and the hacker ultimately made off with around 6,262 ETH.This is the second time Abracadabra has been exploited, after suffering a $6.5 million theft in January 2024. "Hacker steals $13 million in Abracadabra's 'Magic Internet Money' seemingly using a flash loan attack" , The Block
An attacker using a flash loan attack stole $13 million in the Magic Internet Money token from the Abracadabra project. The attack was enabled by a bug in the platform's smart contracts, and the hacker ultimately made off with around 6,262 ETH.
This is the second time Abracadabra has been exploited, after suffering a $6.5 million theft in January 2024.
