The Decentralized Loan Platform Abracadabra. The financing suffered an attack that exhausted the cryptocurrency worth $ 13 million of the pools linked to the GMX liquidity tokens.
The Blockchain Peckshield security firm marked that the contracts involving the GMX decentralized exchange and Abracadabra were compromised, which led to a robbery of 6,260 ETH, worth around $ 12.98 million at the time of writing.
The exploit focused on the so -called “caldrones”, the loan markets isolated in Abracadabra, where users can borrow against the cryptographic guarantee. These private caldrones were based on GM tokens, which represent liquidity positions in GMX, a decentralized exchange platform.
GMX distanced himself from the incident. In an X publication, an account associated with the exchange said that GMX contracts were not affected. Later, the team said that the rape was “related only to the abracadabra/spell, which used GM tokens as a guarantee but did not involve GMX central infrastructure.
In a statement about X, Abracadabra confirmed the exploit and said that taxpayers and central engineers were investigating the incident to their “totally audited” cauldron. The protocol pointed out that GMCauldrons had been audited by Guardian audits, the same company that audited GMX contracts, and was part of a broader security infrastructure that implied monitoring and response tools.
The protocol offered the attacker a 20% error reward and invited them to negotiate by email or a message in the chain.
Abracadabra is working with Guardian and GMX, as well as with other security partners to assess the scope of the damage and how the attack was executed. A complete autopsy will be followed once the investigation concludes, and no user guarantee was affected, he said.
Last year Abracadabra. Finance suffered an exploit of $ 6.49 million That made his Magic Internet Money (Mim) Stablecoin lost his plug through the US dollar.
