SharkTeam: Analysis of the principle of MIM_SPELL attack
On January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.
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MIM Spell launches Abracadabra V3 version
16/02/2024 20:37
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- Binance.US will delist SPELL and TRX on April 18BullishBearish
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- Data: Algorithmic Stablecoin MIM Unpegged to $0.9621BullishBearish
More news about mim spell
- JinseFinance
DeFi protocol MIM_Spell was "sneak-attacked" by hackers and lost more than $6 million
The main reason for this incident is that the attacker used the project contract to use the rounding-up algorithm and controlled the parameter to 1 to maximize the rounding-up error, thus causing the ledger to be unbalanced.
JinseFinanceCurve Finance Innovates with MIM/crvUSD Pool on Arbitrum
Curve Finance's MIM/crvUSD pool on Arbitrum marks a significant step in DeFi's evolution, balancing innovation with user accessibility.
AlexThe Miner's Spell: Is the Short-term Inscription Hype a Poison to Quench Thirst?
The curse on the miners' heads is forged by cryptography (mathematics), the greedy nature of human nature (biochemistry), and thermodynamics (physics).
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In a recent interview with Forbes, the first deputy governor of the Bank of Russia, Olga Skorobogatova, spoke about her...
LedgerinsightsBreaking the DeFi spell: Abracadabra DAO mulls centralized entity
The team behind DeFi tokens Magic Internet Money and Spell has proposed a centralized legal structure for Abracadabra DAO. Abracadabra’s project lead said there was a need for a certain level of centralized legal structure to protect intellectual property rights and manage server expenses, with crucial decisions still governed by Spell token holders.
TheBlockNew CBDC Report May Spell the End of Crypto In India
In the report, the bank proposes two CBDC models but dismisses cryptocurrencies.
BeincryptoWhy Ethereum (ETH) Merge Spell Tax Trouble for UK Crypto Stakers
Staking is likely to become mainstream, which could prove rather costly for U.K. taxpayers.
BeincryptoTornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.
CointelegraphBitcoin, Ethereum, XRP Dead? Does the Current Bear Market Spell the Beginning of the End for Crypto?
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