Abracadabra's Magic Internet Money has been hit by a $13M flash loan attack

#Abracadabra 's #DeFi protocol has suffered a $13M hack. A vulnerability in its smart contracts enabled the attacker to drain approximately 6,262 $ETH , worth around $13M, from the liquidity pools. Abracadabra's cauldrons are smart contracts that facilitate on-chain lending and borrowing using #GMX liquidity pools. The exploit appears to have involved manipulating the liquidation process within the integration of Abracadabra’s cauldrons on GMX V2’s GM pools.

👉 theblock.co/post/348059/hacker-steals-13-million-in-abracadabras-magic-internet-money-seemingly-using-a-flash-loan-attack