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Event record

Reviewed event

Abracadabra GM Cauldrons attack mints undercollateralized MIM

Abracadabra reported an attack affecting GM cauldrons that minted approximately 13.4 million undercollateralized MIM. Borrowing was disabled across the affected cauldrons and the protocol stated that user collateral was not affected.

Date
2025-03-25
Affected records
2 linked records1 stablecoin · 1 organization
Evidence
1 source1 evidence relation

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinMagic Internet MoneyOrganizationAbracadabra Money

Sources

Evidence

Sources used for this record, with archival copies where available.
1 source identity · 1 evidence relation
SourcePublisher and dateRelevanceArchive
Post Mortem - attack on GM Cauldrons 25/03/25
Source details
Source category
Official statement or announcement
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Abracadabra Money
Published 2025-03-27		Mim Gm Cauldron Exploit and ResponseDirect archived snapshot
Record detailsClassification, review, and event-specific data
Record ID
sog_ev_mim_2025_03_gm_cauldron_attack
Severity
Critical
Event type
Protocol Exploit
Public category
Security and chain incident
Lifecycle effect
Remained active
Recovery or reversal
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Cauldron Integration and State Validation Exploit
Structured detail kind
Other
Record confidence
High
Evidence relations
1

Maintenance

Corrections and further reading

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