$13M vanished from Abracadabra’s cauldrons after hackers exploited a liquidation loophole. The phantom collateral bug let attackers borrow against already-liquidated positions while the team desperately offers a 20% bounty to ghosts that had already disappeared.

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On-chain black magic led to two of Abracadabra’s cauldrons springing a leak yesterday. $6.5M gone and MIM losing its magic... What dark arts are needed for a full repeg?

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