Tools Crypto Exploit Tracker exploit-0122
Exploit record
Abracadabra GMX-Cauldron Bug
- Loss
- $13M
- Attack vector
- Other
- Chain
- Arbitrum
- Sector
- Borrowing
What happened
On March 25, 2025, Abracadabra lost about $13M after a bookkeeping flaw let an attacker self-liquidate, re-borrow and recycle collateral in cauldrons tied to GMX liquidity tokens.
This was accounting getting confused in exactly the way attackers pray for: debt gone from the books while the collateral was still in play. PeckShield flagged the exploit in real time and multiple security firms published detailed breakdowns.
On-chain references
Sources
- Halborn analysiswww.halborn.com/blog/post/explained-the-abracadabra-money-ha…
- Three Sigma exploit analysisthreesigma.xyz/blog/exploit/abracadabra-gmx-defi-exploit-exp…
One record from the Crypto Exploit Tracker, maintained by the Security Desk. Data: CSV · JSON ·RSS · CC BY 4.0 with attribution to YFarmX.Tracker updated · 15 September 2026