2025-3-26 14:26 |
Abracadabra Finance claims it has bought back 6.5 million MIM, equal to 50% of the total loss it suffered in the recent $13 million exploit. In a blogpost published in the aftermath of the hack, the protocol confirmed that user… origin »
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Abracadabra Finance has confirmed a security exploit affecting its gmCauldron smart contracts, resulting in the theft of approximately $13 million and is taking steps to recover the funds. The protocol has since disabled borrowing across all cauldrons and is working…
2025-3-25 20:02 | |
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Approximately $13 million was stolen in the recent hack of crypto exchange GMX’s integration with Abracadabra. On March 25, blockchain security monitoring firm PeckShield reported a major security incident of GMX decentralized exchange.
2025-3-25 16:22 | |
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Decentralized Finance (DeFi) project Abracadabra suffered a $6. 5 million attack, with $4 million already transferred to an externally owned account, according to on-chain investigation firm Cyvers.
2024-1-30 14:22 | |
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DeFi lending protocol, Abracadabra Money, is currently debating a proposal to boost the interest rate in its CRV lending markets as it looks to mitigate its exposure to the DeFi token. In the last few days, CRV has seen its value decline significantly due to the recent Curve Finance exploit on Sunday, which resulted in a total loss of over $60 million.
2023-8-2 21:00 | |
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Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli.
2022-6-19 08:35 | |
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Do Kwon was recently accused of withdrawing $80 million a month from the Terra ecosystem leading up to the crash — fresh allegations claim this happened more than 33 times, and a staggering $2. 7 billion was taken out of the system through Degenbox by Abracadabra Money.
2022-6-12 17:00 | |
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Stakes over the recent Cardano network split have risen further, with founder Charles Hoskinson calling it a deliberate, targeted attack.
GoPlus Security’s on-chain monitoring concluded that October saw a series of incidents in the crypto community which led to losses exceeding $45.84 million within the month alone. According to a report published by the on-chain security firm GoPlus, the community…
Investors worried about crypto hacks are driving record demand for hardware wallets that store digital assets offline. As per a report by the Financial Times, Ledger, which sells USB-style devices for secure cryptocurrency storage, is having its best year yet…
A new GTIG report reveals that cybercriminals are increasingly using LLMs to make malware smarter, allowing it to rewrite itself in real time and target high-value assets like crypto. A new report from Google’s Threat Intelligence Group has uncovered a…
Balancer has uncovered the technical root cause behind the recent hack that shook its platform. DeFi protocol Balancer has identified an internal bug in the rounding logic of the “upscale” function as the root cause of the November 3 exploit…
An exploit has shaken the Balancer protocol, putting millions of dollars at risk within hours. Decentralized exchange and automated portfolio management protocol Balancer was targeted in a large-scale attack earlier today with roughly $70.
BNB Chain has discovered the root cause of the X account hack which resulted in a loss amounting to $13,000. The team claims that all users have been fully compensated. In a recent post shared on X, the account declared…