The Abracadabra contracts that were hacked for $13M underwent a single audit that exposed several issues
𝕏/@ddimitrovv22 •
Revision history
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Banker Joe winds down MIM market, auto-closes positions for seamless supplier redemption opportunity
𝕏/@LFJ_gg ·
! Abracadabra V2 is coming. We’re bringing MIM from a DeFi primitive to a full private banking experience. Borrow against yield-bearing collateral. Keep upside. Spend privately. Thread
𝕏/@MIM_Spell ·
Network update: V2 launches on Ethereum. Stablecoin model remains MIM-only.
𝕏/@MIM_Spell ·
Abracadabra hack follow-up: no user funds affected, MIM bought back from market using DAO treasury, all systems operational
The Block ·
Abracadabra's MIM GMX strategy exploited for 6,260 ETH
𝕏/@peckshield ·
Apparent rounding issue causes $6.5MM loss for Abracadabra Finance and partial depeg of $MIM
𝕏/@qckhp ·
Banker Joe winds down MIM market, auto-closes positions for seamless supplier redemption opportunity
𝕏/@LFJ_gg ·
! Abracadabra V2 is coming. We’re bringing MIM from a DeFi primitive to a full private banking experience. Borrow against yield-bearing collateral. Keep upside. Spend privately. Thread
𝕏/@MIM_Spell ·
Network update: V2 launches on Ethereum. Stablecoin model remains MIM-only.
𝕏/@MIM_Spell ·
Abracadabra hack follow-up: no user funds affected, MIM bought back from market using DAO treasury, all systems operational
The Block ·
Abracadabra's MIM GMX strategy exploited for 6,260 ETH
𝕏/@peckshield ·
Apparent rounding issue causes $6.5MM loss for Abracadabra Finance and partial depeg of $MIM
𝕏/@qckhp ·