Nearly $13 million stolen from Abracadabra Finance in crypto heist
The cryptocurrency platform Abracadabra Finance lost about $13 million worth of digital currency to hackers on Tuesday morning.
The company did not respond to requests for comment confirming the amount of stolen cryptocurrency but acknowledged the incident in a message on social media.
The crypto lending platform said the issue was sourced back to a product it calls “cauldrons” — isolated lending markets that allow users to borrow against a variety of cryptocurrencies.
“Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as available,” the company said, adding that each cauldron had been audited by a security company called Guardian.
“While…
