$ETH Exploitation of MIM_Spell Contracts Results in Loss of 6,262 ETH

According to MistTrack, MIM_Spell related contracts were exploited, resulting in an estimated loss of 6,262 ETH, valued at approximately $13 million.

The hacker has successfully bridged the stolen ETH to the Ethereum network. The initial funds used for the attack were sourced from TornadoCash, with 10 ETH withdrawn in 10 separate transactions.

On March 25, 2025, a significant security breach was reported by MistTrack, involving the exploitation of contracts related to @MIM_Spell, resulting in an estimated loss of 6,262 ETH, equivalent to approximately $13 million at the time of the exploit (MistTrack, 2025). The hacker successfully bridged the stolen 6,262 ETH to the Ethereum network. The initial funds used in this exploit were sourced from TornadoCash, with the hacker withdrawing 10 ETH in 10 separate transactions, each amounting to 1 ETH (MistTrack, 2025). This event caused immediate ripples across the cryptocurrency market, with MIM_Spell's token (MIM) experiencing a sharp decline in price, dropping from $1.00 to $0.92 within the first hour of the announcement at 10:00 AM UTC (CoinGecko, 2025). Concurrently, Ethereum's price saw a slight dip from $2,100 to $2,080, reflecting market uncertainty (CoinMarketCap, 2025)