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$13m stolen as GMX-Abracadabra link breached Crypto.news 25 Mar 2025

$13m stolen as GMX-Abracadabra link breached 🛡️

Approximately $13 million was stolen in a significant hack of the GMX cryptocurrency exchange's integration with Abracadabra. The incident was reported on March 25 by PeckShield, a blockchain security monitoring firm. This breach highlights the vulnerabilities and security challenges faced by decentralized exchanges and the contracts linked to them, such as Abracadabra (Spell).

Source: crypto.news ↗