DeFi Exploit: Abracadabra - Rekt III
- Scam type: Hack
- Chain: EVM (Ethereum, BNB Chain, Base and other EVM chains)
- Reported: 2026-04-27
- Last updated: 2026-04-27
DeFi Exploit: Abracadabra - Rekt III Date: 10/04/2025 Loss: $1,800,000 USD Tags: Abracadabra, MIM, Logic Bug Summary: $1.8 million walked out the door as Abracadabra’s deprecated Cauldron contracts let anyone flip a flag and borrow uncollateralized MIM. Three hacks, $21 million lost, and the simplest exploit yet proves some magic tricks are deadly obvious. Exploit/attacker addresses extracted from on-chain analysis and incident reports. Reference: https://rekt.news/abracadabra-rekt3 Source: https://de.fi/rekt-database
Other addresses in this report: 0x40d95c4b34127cf43438a963e7c066156c5b87a3, 0xd96f48665a1410c0cd669a88898eca36b9fc2cce, 0xb8e0a4758df2954063ca4ba3d094f2d6eda9b993, 0x1ff8ea9b29aa10713774b60134d53529301ca9c5, 0x289424add4a1a503870eb475fd8bf1d586b134ed, 0xce450a23378859fb5157f4c4cccaf48faa30865b, 0x1aaade3e9062d124b7deb0ed6ddc7055efa7354d, 0xc6d3b82f9774db8f92095b5e4352a8bb8b0dc20d