Hack history / 2024 / Hack or exploit
Abracadabra Spell
Hack or exploit on Jan 30, 2024 · Rounding Error
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$6.5M
dollars at the time
Returned
none listed
as the sources state it
Rank
#399
among thefts by dollars lost
What happened
Abracadabra's MIM stablecoin exploited for $6.5M via precision loss in collateral calculations. An attacker used rounding errors to bypass collateral validation, inflating borrow amounts. Funded with 1 ETH from Tornado Cash, the attack caused MIM to depeg to $0.76.
Details
- Date
- Jan 30, 2024
- Kind
- Hack or exploit
- Method
- Rounding Error
- How in
- Smart contract bug
- Target
- DeFi protocol
- Chains
- Ethereum
- Audit (rekt.news)
- unaudited
Related incidents
Abracadabra Spell 2025 · Hack or exploit · $1.8M
Abracadabra Spell 2025 · Hack or exploit · $13M
Radiant V2 2024 · Hack or exploit · $4.5M
DualPools 2024 · Hack or exploit · $41K
Abracadabra Spell 2025 · Hack or exploit · $13M
Radiant V2 2024 · Hack or exploit · $4.5M
DualPools 2024 · Hack or exploit · $41K
Cite this page
SwanBluechip, "Abracadabra Spell hack, Jan 30, 2024: $6.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht04b4d2e3dc/ (data as of 2026-10-31).