Abracadabra. Finance Suffers $13M Crypto Hack
Abracadabra.Finance, a crypto lending platform, just got hacked, and the hacker stole $13 million worth of Ethereum (ETH)
Security experts Cyvers and PeckShield spotted the attack, confirming that the hacker moved 6,262 ETH to the Ethereum network, spreading the money across three different wallets.
Abracadabra has also confirmed the attack, but didn’t say how much was stolen at first. The hacker targeted “cauldrons,” which are lending pools where users borrow against crypto assets. These smart contracts had already been audited by Guardian Audits, which also reviewed GMX’s systems. Despite extra security from Hexagate and ZeroShadow, the attack went unnoticed until several transactions had already been completed.
