Cryptocurrency
[loss] $13M+
"Hacker steals $13 million in Abracadabra's 'Magic Internet Money' seemingly using a flash loan attack"
Primary Source ↗Financial Loss
$13.0M
(13,000,000 USD)
Blockchain(s)
Ethereum
Incident Details
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.
Total loss estimated at $13,000,000.
Technical Details
- Initial Attack Vector
- Flash loan attack on smart contract
- Vendor / Product
- Abracadabra
Timeline
- 2025-03-25 Breach occurred
- 2025-03-25 Publicly disclosed