Safety incident: Abracadabra.money loses $ 13 million in ETH by attacking GMX-connected pools-the second big hack this year.

Safety incident: Abracadabra.money loses $ 13 million in ETH by attacking GMX-connected pools-the second big hack this year.

Abracadabra.Money suffers security incident: $ 13 million in ETH lost due to hacker attack

Abracadabra.money, a platform in the area of ​​decentralized finances (Defi), has recently experienced a significant security incident. In a targeted attack on GMX-linked Pools, the platform lost around $ 13 million in Ethereum (Eth). This already represents the second major exploit for Abracadabra.Money in the current year and raises questions about security and stability in the defi sector.

The attack not only shakes financial effects, but also the confidence in the platform and its safety precautions. Unfortunately, security violations are not uncommon in the crypto world, and Abracadabra.Money is not the first platform that is faced with such challenges.

The Defi industry is known for its innovative approaches to provide financial services, but at the same time users and investors are repeatedly confronted with the risks of hacks and security gaps. In view of these incidents, both developers and users must pay more attention to security measures to minimize the risk of attacks.

It remains to be seen which steps Abracadabra.Money will take to close the security gaps and to regain the lost trust of the users. The entire Defi community is also required to deal with security questions more intensively to prevent future incidents.

investors and users should be particularly vigilant in the current situation and find out about the security measures of the platforms in which they invest. The developments around Abracadabra.money will be of great interest for both users and the industry.