Rekt news, mim, spell and abracadabra...thought I was seeing a post from 2021!
$1.8 million walked out the door as @MIM_Spell deprecated Cauldron contracts let anyone flip a flag and borrow uncollateralized MIM. Three hacks, over $21 million lost, and the simplest exploit yet proves some magic tricks are deadly obvious. Story below.
i wonder how there was still stuff to steal...! Though honestly i think i am still farming spell on some old veCRV votes somewhere....
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