Skip to content
Home » Abracadabra Loses $6.5 Million to DeFi Attack – BeInCrypto

Abracadabra Loses $6.5 Million to DeFi Attack – BeInCrypto

  • by
  • DEFI
Abracadabra Loses $6.5 Million to DeFi Attack – BeInCrypto

As per early reports, the Decentralized Finance (DeFi) project Abracadabra has fallen victim to an attack, leading to an approximately $6.5 million loss. The bad actors continue to create havoc in the DeFi space with the latest Abracadabra attack. The on-chain investigation firm Cyvers revealed that the attackers’ wallet had initial deposits from the crypto mixer – Tornado Cash. So far, they have stolen $6.5 million and transferred around $4 million to new externally owned accounts (EOA). Today, Abracadabra fell victim to a cyber exploit stemming from a rounding issue, marking a recurrent vulnerability for the platform,” Cyvers told BeInCrypto Read… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *