Abracadabra

Abracadabra

Abracadabra, a decentralized finance platform, suffered a cyberattack in March 2025 resulting in the theft of 6,260 ETH, valued at nearly $13 million. The attack targeted Abracadabra's gmCauldrons, specifically exploiting contracts tied to liquidity tokens from decentralized exchange GMX. The stolen funds, crucial to users for borrowing against crypto collateral, raised significant concerns within the DeFi community. Abracadabra's response included disabling further borrows, offering the hacker a bounty for the stolen assets, and engaging with blockchain forensics for tracking.

Source: https://thecyberexpress.com/abracadabra-cyberattack/

"id": "abr1023032625",
"linkid": "abracadabra-films?trk=ppro_cprof",
"type": "Breach",
"date": "3/2025",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"
Great! Next, complete checkout for full access to Rankiteo Blog.
Welcome back! You've successfully signed in.
You've successfully subscribed to Rankiteo Blog.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.