DeFi's "Magic Money Heist": $13M Vanishes in Abracadabra Breach

Generated by AI AgentCoin World
Sunday, Oct 5, 2025 5:27 am ET1min read
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Aime RobotAime Summary

- A hacker exploited a vulnerability in DeFi protocol Abracadabra, stealing $13 million in "Magic Internet Money" (MIM) tokens.

- The project offered a 20% bounty for information leading to the attacker's identification after the breach.

- The incident highlights ongoing DeFi security risks, contrasting with rising CeFi breaches and sparking debates about protocol governance and attack prevention.

Writing Failure!!!!!! Provided content does not contain relevant information about "Buddy going long on ASTER with 3x leverage and average entry price of $2.06." All referenced material pertains exclusively to DeFi protocol Abracadabra's $13 million security breach and unrelated crypto security analysis. No data points align with the specified investment topic.

Source: [1] $13 Million Vanishes: Hacker Exploits Abracadabra DeFi Protocol ... (https://www.security.land/13-million-vanishes-hacker-exploits-abracadabra-defi-protocol-vulnerability/) [2] Hacker Exploits Vulnerability to Steal $13M from ... (https://www.altcoinbuzz.io/cryptocurrency-news/hacker-exploits-vulnerability-to-steal-13m-from-abracadabra/) [3] Hacker steals $13 million in Abracadabra's 'Magic Internet Money ... (https://www.theblock.co/post/348059/hacker-steals-13-million-in-abracadabras-magic-internet-money-seemingly-using-a-flash-loan-attack) [4] Abracadabra offers hacker 20% bounty after $13M breach (https://crypto.news/abracadabra-offers-hacker-20-bounty-after-13m-breach/) [5] Abracadabra Drained of $13M in Attack Targeting Cauldrons (https://www.coindesk.com/business/2025/03/25/abracadabra-drained-of-usd13m-in-exploit-targeting-cauldrons-tied-to-gmx-liquidity-tokens) [6] Bank Breaches 2025: What They Reveal About DeFi and CeFi ... (https://thecoinomist.com/insights/bank-data-breaches-defi-vs-cefi-security-analysis/) [7] Decentralized Finance is Booming - So Are the ... (https://www.gatech.edu/news/2025/05/08/decentralized-finance-booming-so-are-security-risks) [8] DeFi hacks drop 40% in 2024, CeFi breaches surge to ... (https://cointelegraph.com/news/defi-security-improvements-vs-cefi-losses-2024) [9] DeFi vs CeFi: A Tale of Security in 2024 - freebitco.in (https://freebitco.in/site/blogs/defi/defi-vs-cefi-a-tale-of-security-in-2024) [10] An Altcoin Has Been Hacked for the Third Time in the Last Year (https://en.bitcoinsistemi.com/an-altcoin-has-been-hacked-for-the-third-time-in-the-last-year) [11] Could Security Lapses in Crypto Platforms Lead to Irrecoverable ... (https://en.bitcoinhaber.net/could-security-lapses-in-crypto-platforms-lead-to-irrecoverable-losses) [12] Abracadabra.Money: A vulnerability has been noted, and the DAO tr... (https://www.chaincatcher.com/en/article/2112997:~:text=ChainCatcher%20news%2C%20DeFi%20protocol%20Abracadabra.Money%20%28MIM_Spell%29%20has%20stated,MIM%20from%20the%20market%20and%20then%20burn%20it.)

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