An attacker using a <button class="define-target" id="flash-loan">flash loan</button> attack stole $13&nbsp;million in the Magic Internet Money token from the Abracadabra project. The attack was enabled by a bug in the platform's <button class="define-target" id="smart-contract">smart contracts</button>, and the hacker ultimately made off with around 6,262&nbsp;ETH.<p>This is the second time Abracadabra has been exploited, after suffering a <a href="https://www.web3isgoinggreat.com/?id=abracadabra-exploit" target="_blank">$6.5&nbsp;million theft</a> in January 2024.</p>

"Hacker steals $13 million in Abracadabra's 'Magic Internet Money' seemingly using a flash loan attack"

Web3 is Going Just Great

Abracadabra loses $13 million in "Magic Internet Money"