Mim Hacker Will Wash $7.5 Million Worth Of Stolen Funds Through Tornado Cash

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On-chain data reveals that in March 2025, the attacker behind the magical internet money or MIM hack recently sent $7.5 million worth of stolen funds to Crypto mixer platform Tornado Cash.

According to on-chain data from blockchain security company Certik, the MIM attacker sent 3,001 ETH (ETH) or about $7.57 million from Crypto wallet addresses starting at 0x51Bab to the tornado tornado cash in a decentralized Crypto mixer.

The transaction amounted to more than half of the stolen funds from Abracadabra Finance’s attack on Stablecoin, a loss of $13 million.

“MIM_SPELL Exploiter just sent 3,001 ETH (~$7.57m) to tornado cash from 0x51Bab,” Certik wrote in a recent post.

The chain of wallet transfers represented by the chart created by Certik showed that funds were moved through four different Ethereum-based addresses. The first transfer moved 6,261 ETH. This is equal to the amount stolen from MIM, with the second and third wallets moving 3,001 ETH before sending them to a known tornado cash address.

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How did the MIM hack happen?

On March 25, 2025, MIM spelling was misused at 6,261.13 ETH, which amounted to nearly $13 million. MIM Hack targeted the GMCaultron smart contract, particularly the integration of decentralized Exchange GMX and Abracadabra loan agreements.

According to the Certik analysis paper, the exploit allowed the attacker to borrow funds and settle the funds without repayment.

“This is because the liquidation process does not overwrite the record of router orders counted as collateral, allowing exploits to incorrectly borrow additional funds after liquidation,” writes Certik.

Shortly after the hack, MIM’s parent company Abracadabra Finance declared it had bought back 50% of the losses it had suffered from in the $13 million exploit. The protocol also confirmed that the user funds were not affected by the attack.

The team said they are currently working on restoring stolen cryptography lost in the exploit. However, it is becoming increasingly difficult for hackers to track funds through crypto mixers like Tornado Cash.

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