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

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 drain approximately 6,262 ETH, valued at around $13…