MIM stablecoin project Abracadabra reported a hacking incident yesterday, resulting in a total loss of $6.5 million due to protocol logic vulnerabilities. The team currently states that the vulnerabilities have been temporarily resolved and they have attempted to communicate with the hackers, but there is still no further information.
Abracadabra Suffers $6.5 Million Loss in Cyber Attack, Team Assures User Assets Remain Unaffected