The DeFi protocol Abracadabra Money (MIM_Spell) has fallen victim to an attack, resulting in approximately $6.5 million in losses. Following the attack, Abracadabra.Money (MIM_Spell) provided an update on the situation via Twitter, stating that their technical team identified the vulnerability. Preliminary findings indicate the exploit targeted specific Cauldrons V3 & V4, allowing unauthorized MIM borrowing. They’ve mitigated the issue by setting borrowing limits to zero for these cauldrons.