ID:
abracadabra-money-1289
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Platform
Lending
Flash Loans
Extended Method:
Oracle price manipulation
Days in Operation:
533
(1.46 Years)
100 pts each
Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.
An exploiter was able to make over $100k due to an oracle price lagged in Magic Internet Money (MIM).
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