In a twist that would make even the most seasoned illusionist blush, a staggering $13 million in cryptocurrency has seemingly evaporated from the digital coffers of Abracadabra.Finance. The culprit? An exploit targeting pools infused with the mysterious GMX tokens. 🎩✨
PeckShield, the digital watchdog of the crypto realm, sounded the alarm on March25 with an X post, revealing that contracts intertwined with GMX and Abracadabra.Money had been breached. The heist? A cool6,260 Ether (ETH), valued at a jaw-dropping $13 million. 💰🕵️♂️
This caper follows hot on the heels of a January2024 incident where Abracadabra.Money found itself $6.49 million lighter after its smart contracts were compromised. The fallout? The once-stable Magic Internet Money (MIM) stablecoin wobbled, losing its peg to the US dollar. 🌪️💸
GMX: “It Wasn’t Us!”
Amidst the chaos, a voice emerged from the GMX camp, a pseudonymous contributor who took to X to declare, “GMX contracts are not affected.” The twist? MIM’s pools, modeled on GMX v2 pools, were the actual targets. 🤔🔄
GMX Market (GM) tokens, the lifeblood of the GMX ecosystem, earn their keep through swaps and leveraged trading. Meanwhile, MIM’s cauldrons, the heart of the protocol, offer a tantalizing glimpse into isolated lending. 🍯🔮
In an official X post, GMX stepped forward, pointing fingers squarely at MIM’s pools with GM tokens, asserting, “No issues have been identified with GMX contracts.” The plot thickens: “We believe the issue relates solely to the Abracadabra/Spell cauldrons. These cauldrons allow for borrowing against specific GM liquidity tokens.” 🧙♂️📜
Tornado Cash & Ethereum Bridge
Enter AMLBot, the crypto detective, unraveling the hackers’ modus operandi for CryptoMoon. The saga began with the hacker’s address, funded through the enigmatic Tornado Cash mixer, setting the stage for the grand theft. The stolen ETH made its grand exit from Arbitrum to Ethereum via a blockchain bridge: “The stolen funds, totaling6,260 ETH, have been transferred from Arbitrum to Ethereum via a bridge.” 🌉💔
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2025-03-25 17:28