Incident All ledgers
Abracadabra Spell: $13.0m
Abracadabra Spell lost $13.0m on 25 March 2025. Ranked 169th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 25 March 2025
- Lost
- $13.0m
- Returned or repaid
- None recorded
- Target
- DeFi Protocol
- Category
- Protocol Logic
- Method
- Liquidation Logic Flaw
- Chains
- Arbitrum
Abracadabra.Money lost about $13M on March 25, 2025 when an attacker used a flash loan against cauldrons that took GMX V2 LP tokens as collateral, abusing liquidation logic to self-liquidate and collect liquidation incentives.
Against the ledger
- It ranks 169th of the 1,272 incidents with a known loss, and 17th in 2025.
- It accounts for 43.3% of the $30.0m in known losses in March 2025.
- 164 incidents in the ledger are classified as Protocol Logic, for $293.4m in total. This one is 4.4% of that.
- The ledger records no returned funds.
Other incidents named Abracadabra
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 30 Jan 2024 | Abracadabra Spell | $6.5m | DeFi Protocol | Rounding Error | — |
| 04 Oct 2025 | Abracadabra Spell | $1.7m | DeFi Protocol | Improper Access Control | — |
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 03 Aug 2021 | Popsicle Finance | $20.7m | DeFi Protocol | Reward Logic Flaw | — |
| 17 May 2021 | BearnFi | $18.0m | DeFi Protocol | Withdrawal Logic Flaw | — |
| 30 Apr 2022 | Saddle Finance | $11.0m | DeFi Protocol | Swap Logic Flaw | — |
| 16 Feb 2023 | Platypus Finance | $8.5m | DeFi Protocol | Protocol Logic | $222,634 |
| 22 Jul 2021 | THORChain DEX | $8.0m | DeFi Protocol | Withdrawal Logic Flaw | — |
All failures in 2025 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Abracadabra Spell, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/abracadabra-spell-2025-03-25/. How this is built