- MIM-80Negative
MIM news archive
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- MIM-70Negative
🧙🏼♂️ (@MIM_Spell)
We're acutely aware of the $MIM depeg and are taking emergency actions to remedy the situation. Effective immediately, we will begin gradually increasing interest rates across all Cauldrons, including deprecated markets, to encourage debt repayment and reduce outstanding $MIM supply. The current depeg creates a natural incentive for borrowers to repay debt at a discount, accelerating supply contraction and strengthening the path back to peg. Direct incentives will be temporarily stopped as well as Curve bribes until $MIM returns to peg. Our priority is simple: restore confidence, improve market structure, and return $MIM to a healthy (and liquid) peg. Additional recovery initiatives are being evaluated and will be communicated as they are finalized. Thank you to everyone supporting the ecosystem during this period. 🧙
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
$MIM liquidity is back on the menu. As one of DeFi's longest-running participants, we're doubling down on incentives for the next era of @MIM_Spell And we're putting our money where our mouth is: 70m $SPELL has been deployed to incentivize the MIM-2Pool on Curve. We're actively rebuilding liquidity, increasing market depth, and strengthening the foundations of the MIM ecosystem. This is only the beginning. More initiatives incoming... 🧙♂️🌙
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
$MIM Liquidity Strategy Update Today we funded a new Curve liquidity pool for $MIM with an initial allocation of $100,000 of MIM, USDT, and USDC. This will serve as a base for liquidity to restore balance across Curve Pools after unexpected liquidity withdrawals due recent DeFi incentive strategy changes. Improving $MIM liquidity is currently our highest operational priority and we're backing it with our balance sheet. This new pool increases available market depth and lays the foundation for additional liquidity initiatives already in progress. We're also preparing a new round of liquidity incentives, with an initial tranche of 140,000,0000 $SPELL returning Thursday, June 18th, to further strengthen liquidity across the ecosystem. Recent market dislocations have highlighted the importance of deep and resilient liquidity. We're taking active steps to address that and will continue sharing updates as additional initiatives go live and additional partnerships are announced. More to come. @MIM_Spell is back. DeFi is back.
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
$MIM Liquidity Strategy Update Today we funded a new Curve liquidity pool for $MIM with an initial allocation of $100,000 of MIM, USDT, and USDC. This will serve as a base for liquidity to restore balance across Curve Pools after unexpected liquidity withdrawals due recent DeFi incentive strategy changes. Improving $MIM liquidity is currently our highest operational priority and we're backing it with our balance sheet. This new pool increases available market depth and lays the foundation for additional liquidity initiatives already in progress. We're also preparing a new round of liquidity incentives, with an initial tranche of 140,000,0000 $SPELL returning Thursday, June 18th, to further strengthen liquidity across the ecosystem. Recent market dislocations have highlighted the importance of deep and resilient liquidity. We're taking active steps to address that and will continue sharing updates as additional initiatives go live and additional partnerships are announced. More to come. @Spell_MIM is back. DeFi is back.
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
Network update: V2 launches on Ethereum. Stablecoin model remains MIM-only.
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙♂️! Abracadabra V2 is coming. We’re bringing MIM from a DeFi primitive to a full private banking experience. Borrow against yield-bearing collateral. Keep upside. Spend privately. Thread 👇
- MIM-70Negative
Coinbase Markets 🛡️ (@CoinbaseMarkets)
We regularly monitor assets supported in Coinbase Prime Vaults to ensure they align with our standards. Following a recent review, on 27 March 2026, on or around 2 PM ET, we are suspending Prime Vault wallet support for: NOIA, DVI, PSP, BZRX, NATION, CBAT, EWTB, UMEE, DAD, RFOX, SQT, VR, LMR, CETH, GRID, DAO, SURE, UXP, BFC, YOUC, MFG, FXC, LUNR, PHA, SOFI, MIM, J, TITAN, ELON, BETA, OM, CREAM, MTA, CQT, DPX, UBT, LTX, DOGEGF, STAKE, PUSH, INXT, AGI, LST, ANTV1, CVP.
- MIM-80Negative
GoPlus Security 🚦 (@GoPlusSecurity)
🚨 GoPlus Security Alert: The lending and stablecoin platform Abracadabra ( $SPELL ) appears to have been attacked again, with losses of approximately $1.77 million. Its official Twitter account @MIM_Spell has not been updated since September 9. Attacker Address: 0x1AaaDe3e9062d124B7DeB0eD6DDC7055EFA7354d Attack Contract: 0xB8e0A4758Df2954063Ca4ba3d094f2d6EdA9B993 (Self-destructed after the attack) Attacked Contract: 0xd96f48665a1410c0cd669a88898eca36b9fc2cce (https://t.co/65LzGfczQp: Degenbox) Attack Transaction: https://t.co/bLrCGKmUKm After completing the attack transaction, 51 ETH was transferred to TornadoCash. The attacker's address (0x1AaaDe) still holds 344 ETH (~$1.55 million) that has not been moved. ⚠️ The team later responded in the Discord community, stating that DAO reserve funds will be used to repurchase the affected $MIM. However, the official Twitter account @MIM_Spell has not been updated since September 9. 📅 Abracadabra Money has been attacked twice before due to contract vulnerabilities: 1️⃣ On January 30, 2024, a flash loan attack exploiting a rounding calculation vulnerability in the contract resulted in a loss of approximately $6.5 million, causing the MIM stablecoin to depeg. 2️⃣ On March 25, 2025, a hack exploiting a business logic vulnerability during collateral liquidation led to a loss of approximately $13 million.
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙♂️! MIMSwap is now live on @NibiruChain ! 🌋✨ We're thrilled to bring Abracadabra's stablecoin AMM tech to one of the most exciting new chains in the ecosystem. MIMSwap offers low-slippage, capital-efficient swaps designed specifically for stable coins. Launching on Nibiru allows us to showcase how powerful this technology can be on a high-performance chain built for DeFi. Expect new LP opportunities and more omnichain integrations soon!🔮
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! $MIM has landed on @NibiruChain! ✨ You can now mint $MIM and beam it to Nibiru and cross-chain with ease. Using LayerZero-powered Beaming, users can transfer $MIM to send it to/from other chains like Ethereum, Arbitrum, and more without wrapping and bridging!🔥
- MIM-80Negative
The Block (@TheBlock__)
Hacker steals $13 million in Abracadabra's 'Magic Internet Money' seemingly using a flash loan attack theblock.co/post/348059/ha…
- MIM-80Negative
- MIM-85Negative
Lookonchain (@lookonchain)
GMX(@GMX_IO) and @MIM_Spell related contracts were hacked for ~6,262 $ETH($12.9M). arbiscan.io/address/0xaf9e… The hacker has bridged 6,262 $ETH to #Ethereum and transferred to 3 new wallets. etherscan.io/address/0xa8f8… etherscan.io/address/0x047c… etherscan.io/address/0x0181… pic.x.com/qvbO5gm7aW
- MIM-70Negative
Wu Blockchain (@WuBlockchain)
According to PeckShield monitoring, GMX and @MIM_Spell related contracts have been hacked, losing about 6,260 ETH (worth $13M). GMX said: GMX contracts are not affected. It relates to Abracadabra/Spell's cauldrons based on GMX V2's GM pools. The contributors are currently looking into the cause. x.com/Jonas_ALA/stat…
- MIM+85Positive
🧙🏼♂️ (@MIM_Spell)
1/ 🧙♂️! AIP #67 has passed! 🚀 Introducing the FIRST Liquidity Marketplace powered by MIM technology from @MIM_Spell, built on HyperEVM @HyperliquidX. Welcome @PurrSwap_!😸 This is a HISTORIC moment for the Abracadabra DAO as it incubates its first AMM on one of the most exciting and fastest growing ecosystems in all of crypto! 🎉 Through this incubation, Abracadabra is positioning itself at the forefront of HyperEVM’s infrastructure and ensuring that MIM and @PurrSwap_ become the liquidity and trading hub backbone of HyperEVM. ⚡ Hyperliquid’s momentum is undeniable, HyperEVM is its exciting new frontier and @PurrSwap_ is the DEX that will solve a critical piece of the puzzle going forward. 🧩 🧙🏼♂️+😸=📈
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Q5 is finally here. MIM/Honey @KodiakFi @InfraredFinance Boyco vaults are now live for deposits! The chain has a bear and $MIM on it. 🅱️ullish👇🏻 boyco.berachain.com/market/1/0/0x9… x.com/berachain/stat… Quote [@berachain](https://www.twitter.com/berachain/status/1884046557848432997) > Henlo, and furthermore, Boyco.
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! The largest single top up for our $sdeUSD cauldron just happened!🔥🔮 5m $MIM are available to be minted by @elixir's users!👀🔮 app.abracadabra.money/#/market/1/44?… $sdeUSD top ups are selling our fast, so act accordingly!👀🔥👆🏻 Quote [@MIM_Spell](https://www.twitter.com/MIM_Spell/status/1866803831394513195) > 1/🧙🏼♂️! > > @elixir 🤝🏼 @MIM_Spell > > Our $sdeUSD V2 cauldron just received a 2m top up!🔮 > > Farm up to 120% base APY + Elixir's Potions, all in one place!🧪 > > app.abracadabra.money/#/market/1/44?… > > $sdeUSD top ups are selling our fast, so act accordingly!👀🔥👆🏻
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! 190% base APY and 29.9x Potion farming!👀🔮 Our staked deUSD cauldron just got a $2M MIM top-up!🔥 1️⃣ Get deUSD on Curve: curve.fi/#/ethereum/poo… 2️⃣ Stake on Elixir in the Apothecary:: elixir.xyz/apothecary 3️⃣ Loop your $MIM position against your staked deUSD to unlock up to a 190% base APY and 29.9x Elixir Potion Multiplier👇🏻🪄 app.abracadabra.money/#/market/1/44
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Our gmCauldrons are selling out fast, with just a few millions MIM available for our $gmSOL and $gmETH market!🔥 A new top up may be coming soon Anon, stay ready!👀 @GMX_IO twitter.com/MIM_Spell/stat… Quote [@MIM_Spell](https://www.twitter.com/MIM_Spell/status/1853814531740533210) > 🧙🏼♂️! > > @GMX_IO 🤝🏼 @MIM_Spell > > Our gmCauldrons on Arbitrum are getting a fresh top-up soon, and the reduced borrow fee is live! 🔥 > > app.abracadabra.money/#/cauldrons > > Mint and loop seamlessly with gmBTC, gmETH, and gmSOL natively on @arbitrum – all with just a 0.3% minting fee! 🔮
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Our brand new USD0++ cauldron in partnership @usualmoney is now live!🔮 Use USD0++ as collateral to mint $MIM and leverage up your pills earning!🔥 Join it now!👇🏻 app.abracadabra.money/#/market/1/45 Leverage pills farming cauldrons are expected to be selling out fast, so make sure…
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Staked deUSD Top Up Alert!🚨 Another 1M $MIM top up is heading your way!🔥 The 24-hour timer starts NOW! ⏳ With our cauldron delivering up to 29.9x Potion rewards (versus the usual 5x boost), this remains the prime opportunity to earn @elixir Potions! 🧪 Deposit your…
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
Our new staked deUSD cauldron just got a $3M MIM top-up! Grab your deUSD and stake it in the Apothecary: 1️⃣ Swap deUSD on Curve: curve.fi/#/ethereum/poo… 2️⃣Stake on Elixir: elixir.xyz/apothecary Borrow $MIM against your staked deUSD or use leverage to unlock up to a 29.9x…
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! @MIMSwap 🤝🏼 @elixir We’re thrilled to announce the launch of @MIMSwap on Ethereum Mainnet with our $MIM / $deUSD pool!🔮 The pool already achieved $2m in TVL, and is eligible for a 5x Elixir Potion boost with more rewards coming soon!🧪👀 Become one of the first LPers,…
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! The $MIM - $fxUSD pool on @CurveFinance, launched together with @protocol_fx is now ready for deposits and farmers!🔥 Enjoy it!👇🏻 twitter.com/protocol_fx/st… Quote [@protocol_fx](https://www.twitter.com/protocol_fx/status/1807336417376280999) > Have the @MIM_Spell 🧙♂️'s done some spells on the MIM-fxUSD pool? 👀 > Up to 1,600% APY 👇 > fx.aladdin.club/earn/
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Abracadabra @arbitrum STIP has ended with an overwhelming success!👇🏻 🔵 Liquidity KPIs met and exceeded 🔵 $MIM native borrows peaked at 28.1m 🔵 26% of $MIM supply residing on @arbitrum Check out all the details in this final forum report!👇🏻🔥 forum.arbitrum.foundation/t/how-the-stip…
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Enjoy LPing on the $mim-3crv pool on mainnet, optimising your position between @StakeDAOHQ and @ConvexFinance!🔮 APYs currently sitting above the 52% mark!👀🔥👇🏻 twitter.com/StakeDAOHQ/sta… Quote [@StakeDAOHQ](https://www.twitter.com/StakeDAOHQ/status/1776190757067448356) > 🧙♂️ Onlyboost is now activated for the @MIM_Spell $MIM / 3CRV Curve pool. > > What's Onlyboost? It's a product that optimizes your position between @ConvexFinance and @StakeDAOHQ to secure the best $CRV yield in one spot! 🐘👀
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! @MIMSwap UI is now live and deployed, allowing for the first swapping avenue for $MIM on @Blast_L2!🔥 app.abracadabra.money/#/mim-swap Our first GOLD distribution is also coming soon, rewarding MIMswap LPers!🔮 20% of all GOLD distributed will be awarded to Founders alone!🏆
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
1/ 🧙🏼♂️! Today, we step into Phase 3 and the launch of MIMSwap. This moment marks a significant milestone in our journey and the last chance to secure the Founder's Boost!🧵👇🏻🔥 mirror.xyz/0x5744b051845B…
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Our LLE Phase 2 is finally here, the last chance for our users to gain the Founder's Boost directly on @Blast_L2!♻️👀 Read up on all of its benefits and updates while we gear up for the imminent @MIMSwap launch! 🔮🔥📖👇🏻 mirror.xyz/0x5744b051845B…
- MIM+85Positive
🧙🏼♂️ (@MIM_Spell)
1/ 🧙🏼♂️ We've officially launched on @Blast_L2 mainnet! Experience boosted yields, points distributions and seamless stablecoin swaps, including the groundbreaking @MIMSwap and a unique rewards system!🔥 https://mirror.xyz/0x5744b051845B62D6f5B6Db095cc428bCbBBAc6F9/rpL2QJ1F6Eb7K2Lt5Yy7fnK-Endz6Jr9-7VlYw6jSO8
- MIM+75Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! By launching @MIMSwap, we're supercharging our infrastructure on @Blast_L2 !🔮 Faster launches, more frequent top-ups, and boosted yields for more users! 🚀 If you are building on @Blast_L2, and want to create some synergies, reach out to our contributors on discord!🔥 https://twitter.com/MIM_Spell/status/1761375771254272310
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
1/ 🧙🏼♂️! Abracadabra's full lineup is deployed on Blast Testnet to take part in the Big Bang competition🔮 We are also excited to announce the launch of @MIMSwap, Abracadabra's first in house stable swap AMM, natively on @Blast_L2🔥 More information is coming soon, stay tuned!👇🏻 https://t.co/wHAfyXihZM
- MIM-90Negative
CertiK (@CertiK)
🚨 We are seeing an exploit on the MIM Stablecoin with current losses at around $6.5m with early indicators pointing to a rounding error as the root cause. Read more about this incident👇 https://www.coindesk.com/business/2024/01/30/mim-stablecoin-suffers-flash-crash-amid-65m-exploit/
- MIM-85Negative
CertiK (@CertiK)
🚨 We are seeing an exploit on the MIM Stablecoin with current losses at around $6.5m with early indicators pointing to a rounding error as the root cause. Read more about this incident 👇 https://www.coindesk.com/business/2024/01/30/mim-stablecoin-suffers-flash-crash-amid-65m-exploit/
- MIM-80Negative
- MIM-80Negative
🧙🏼♂️ (@MIM_Spell)
2/ Preliminary findings indicate the exploit targeted specific Cauldrons V3 & V4, allowing unauthorized MIM borrowing. We’ve mitigated the issue by setting borrowing limits to zero for these cauldrons.
- MIM-75Negative
Arkham (@ArkhamIntel)
After receiving 2 ETH from Tornado Cash, the exploiter appeared to use a nested series of smart contracts to loop some of Abracadabra’s Degenbox functions, such as “Borrow” and “Repay”. This allowed them to take $7M in MIM from the Degenbox in 2 separate transactions.… https://t.co/o2MF7csPcF
- MIM-80Negative
Arkham (@ArkhamIntel)
4 hours ago, Abracadabra’s Degenbox was exploited for $7M in MIM, sending MIM under 80c as the hacker dumped the exploited funds. The largest of Abracadabra’s exploited “Cauldrons” (isolated lending pools) were for the assets yv-3Crypto ($5M) and magicAPE ($2M). Exploiter:… https://t.co/2ZqoVTbrsD
- MIM-85Negative
CoinDesk (@CoinDesk)
The @MIM_Spell stablecoin has lost $6.5 million in an exploit that caused the token to lose its peg and trade down to $0.76. It has since recovered to $0.96. Reporting by @oknightcrypto https://trib.al/ZlK7KSE
- MIM-90Negative
- MIM-90Negative
PeckShield Inc. (@peckshield)
@MIM_Spell The initial loss for @MIM_Spell is ~$6.5M, comprising 2.74K $ETH. The exploiter initially funded the attack with 1 $ETH from #TornadoCash. https://t.co/lPENOLZA2I
- MIM-85Negative
🧙🏼♂️ (@MIM_Spell)
We are aware of an exploit involving certain cauldrons on Ethereum. Our engineering team is triaging and investigating the situation. To the best of its Ability, the DAO treasury will be buying back MIM from the market to then burn. More updates are coming.
- MIM+85Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Less than 24h after the STIP rewards launch👇🏻 1️⃣ Doubled TVL on the @CurveFinance Pool, with $4.2m in new deposits. 2️⃣ LP farming APR still sitting above 58%. 3️⃣ gmCauldrons ready to be deployed. The @arbitrum STIP effect is finally on Abracadabra!🔮 Enjoy it!🔥 https://twitter.com/MIM_Spell/status/1730254676015174079 https://t.co/Hnv574rBX3 Quote [@MIM_Spell](https://www.twitter.com/MIM_Spell/status/1730254676015174079) > 1/🧙🏼♂️! > > ARB received through the STIP process are now ready to be distributed!🔥 > > Start LPing now!👇🏻 > > https://t.co/WJr5mNjQdt > > LP $MIM/2CRV on @arbitrum and enjoy triple digits new $ARB and $SPELL boosted rewards!🔮 > > https://t.co/ZkGGBJnX6s https://t.co/f3NxKGMZd7
- MIM+80Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! As Roundtable Members, we are excited to see a new $MIM/ARB automated vault going live on @CamelotDEX!⚔️🔥 LP directly on Camelot to scoop up these sweet APYs!💦👇🏻 https://app.camelot.exchange/liquidity?token1=0x912CE59144191C1204E64559FE8253a0e49E6548&token2=0xFEa7a6a0B346362BF88A9e4A88416B77a57D6c2A&mode=auto&provider=gamma $ARB incentives are coming next week, get ready!🔥🔮 https://twitter.com/CamelotDEX/status/1727616199595536388 Quote [@CamelotDEX](https://www.twitter.com/CamelotDEX/status/1727616199595536388) > We've been working with the Wizards of @MIM_Spell to cook up a brand new $MIM/ARB automated vault 🏆 > > Camelot Castle has been home to $MIM since we launched last year & we're proud to support the team 🧙♂️ > > Provide liquidity NOW to earn $GRAIL rewards 👇 > > https://t.co/0sFCeGlAog https://t.co/G1LzYv8eyR
- MIM+70Positive
🧙🏼♂️ (@MIM_Spell)
🧙🏼♂️! Abracadabra is thrilled to be a launch partner for the USDV ecosystem! 🔥🔮 Kicking off with a $MIM / $USDV pool on @CurveFinance, we're eager to explore further opportunities for mutual growth👇🏻 https://curve.fi/#/ethereum/pools/factory-v2-373/deposit https://twitter.com/USDV_Money/status/1724427922356793747 Quote [@USDV_Money](https://www.twitter.com/USDV_Money/status/1724427922356793747) > 2/ Provide Liquidity to the MIM/USDV pool, together with one of the top lending and leverage platforms @MIM_Spell, on @CurveFinance. https://t.co/462DzfNP4Y
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