Hacker steals $13 million in Abracadabra’s ‘Magic Internet Money’ seemingly using a flash loan attack - mim, gm, defi, eth, gmx, Crypto, spell, block, The Block

Hacker steals $13 million in Abracadabra’s ‘Magic Internet Money’ seemingly using a flash loan attack

Several million dollars worth of tokens have been drained from DeFi protocol Abracadabra/Spell's “cauldrons” following a targeted hack, according to security firm Pecksheild. A vulnerability in the protocol’s smart contracts allowed the attacker to d