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Results for DeFi, Abracadabra, Hack

3 stories, newest first

Abracadabra proposed “an orderly wind down,” blaming security incidents that leave its stablecoin MIM with “no viable path back to parity."

The investigation into the hack is ongoing, but an Abracadabra core contributor thinks it could be linked to changes in GMX’s codebase.

Jan 30, 2024 — Abracadabra, DeFi

Abracadabra Finance, the platform behind Magic Internet Money, was hacked on Tuesday, causing the stablecoin to depeg.