{"id":53335,"date":"2025-10-05T12:00:59","date_gmt":"2025-10-05T09:00:59","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=53335"},"modified":"2025-10-05T11:13:29","modified_gmt":"2025-10-05T08:13:29","slug":"defi-abracadabra-money-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/","title":{"rendered":"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack"},"content":{"rendered":"<p><span class=\"TextRun SCXW33159141 BCX0\" lang=\"TR-TR\" xml:lang=\"TR-TR\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW33159141 BCX0\"><a href=\"https:\/\/coinengineer.net\/blog\/category\/project-review\/defi-projects\/\"><strong>DeFi<\/strong><\/a> protocol <strong>Abracadabra Money<\/strong> lost approximately $1.7 million in a recent <strong>hack<\/strong>. The attacker transferred the stolen funds to Tornado Cash to hide the trail. The team has not released an official statement yet, but blockchain researchers have confirmed the attack. This event highlights the ongoing security risks in DeFi platforms.<\/span><\/span><span class=\"EOP SCXW33159141 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#Hack_Details_and_Impact\" title=\"Hack Details and Impact\u00a0\">Hack Details and Impact\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#Market_Reaction_and_Precautions\" title=\"Market Reaction and Precautions\u00a0\">Market Reaction and Precautions\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Hack_Details_and_Impact\"><\/span><span data-contrast=\"auto\">Hack Details and Impact<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Abracadabra Money has now been attacked for the third time in the past two years. In 2024 and 2025, it lost $6.49 million and $13 million, respectively. According to blockchain researchers @officer_cia and Weilin William Li, the attacker exploited a vulnerability in Abracadabra\u2019s smart contracts. Around $1.7 million in MIM tokens was withdrawn and swapped for ~395 ETH.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">All affected smart contracts have been paused.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">The attacker bypassed payment controls to quickly transfer the funds.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Abracadabra team has not yet released an official statement.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Market_Reaction_and_Precautions\"><\/span><span data-contrast=\"auto\">Market Reaction and Precautions<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Abracadabra Money previously lost $13 million in a March 2025 hack. The recent attack has increased community calls for stress tests and comprehensive smart contract audits.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">According to CoinMarketCap, Magic Internet Money (MIM) saw a 16.98% drop in trading volume. The 60-day price decline reached 40.26%, while the 90-day increase recorded 19.83%. This underscores the sensitivity of investor confidence.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The incident reignites discussions on security measures in the DeFi sector. Experts emphasize that proactive security testing and rigorous smart contract audits are critical.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeFi protocol Abracadabra Money lost approximately $1.7 million in a recent hack. The attacker transferred the stolen funds to Tornado Cash to hide the trail. The team has not released an official statement yet, but blockchain researchers have confirmed the attack. This event highlights the ongoing security risks in DeFi platforms.\u00a0 Hack Details and Impact\u00a0<\/p>\n","protected":false},"author":36,"featured_media":47938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[13808,5476,7269,938,18514,19228,24535,134,377],"class_list":["post-53335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-abracadabra-money","tag-blockchain-security","tag-crypto-theft","tag-defi-hack","tag-defi-news","tag-investor-alert","tag-mim-token","tag-smart-contract","tag-tornado-cash"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Abracadabra Money suffers $1.7M DeFi hack, exposing security flaws. MIM token drops 17%, sparking renewed calls for smart contract audits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Abracadabra Money suffers $1.7M DeFi hack, exposing security flaws. MIM token drops 17%, sparking renewed calls for smart contract audits.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-05T09:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-05T08:13:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yeliz Akmaca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yeliz Akmaca\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/\",\"name\":\"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg\",\"datePublished\":\"2025-10-05T09:00:59+00:00\",\"dateModified\":\"2025-10-05T08:13:29+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5f900e6c865999388c1ea494e5953442\"},\"description\":\"Abracadabra Money suffers $1.7M DeFi hack, exposing security flaws. MIM token drops 17%, sparking renewed calls for smart contract audits.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Abracadabra Money Hack\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5f900e6c865999388c1ea494e5953442\",\"name\":\"Yeliz Akmaca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b399e2146177639d343205648bae3bdb3cd7bb9d02c7186f71149c7122151b69?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b399e2146177639d343205648bae3bdb3cd7bb9d02c7186f71149c7122151b69?s=96&d=mm&r=g\",\"caption\":\"Yeliz Akmaca\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cmyelizz\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack - Coin Engineer","description":"Abracadabra Money suffers $1.7M DeFi hack, exposing security flaws. MIM token drops 17%, sparking renewed calls for smart contract audits.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/","og_locale":"en_US","og_type":"article","og_title":"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack - Coin Engineer","og_description":"Abracadabra Money suffers $1.7M DeFi hack, exposing security flaws. MIM token drops 17%, sparking renewed calls for smart contract audits.","og_url":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/","og_site_name":"Coin Engineer","article_published_time":"2025-10-05T09:00:59+00:00","article_modified_time":"2025-10-05T08:13:29+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg","type":"image\/jpeg"}],"author":"Yeliz Akmaca","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yeliz Akmaca","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/","url":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/","name":"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg","datePublished":"2025-10-05T09:00:59+00:00","dateModified":"2025-10-05T08:13:29+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5f900e6c865999388c1ea494e5953442"},"description":"Abracadabra Money suffers $1.7M DeFi hack, exposing security flaws. MIM token drops 17%, sparking renewed calls for smart contract audits.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/ethereum_hack_ce.jpg","width":1920,"height":1080,"caption":"Abracadabra Money Hack"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/defi-abracadabra-money-hack\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5f900e6c865999388c1ea494e5953442","name":"Yeliz Akmaca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b399e2146177639d343205648bae3bdb3cd7bb9d02c7186f71149c7122151b69?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b399e2146177639d343205648bae3bdb3cd7bb9d02c7186f71149c7122151b69?s=96&d=mm&r=g","caption":"Yeliz Akmaca"},"url":"https:\/\/coinengineer.net\/blog\/author\/cmyelizz\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/53335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=53335"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/53335\/revisions"}],"predecessor-version":[{"id":53336,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/53335\/revisions\/53336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/47938"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=53335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=53335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=53335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}