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Results for Abracadabra

4 stories, newest first

Abracadabra DAO, which once held over $6B in TVL, is to be shuttered after a second vote on a “wind down” proposal with reduced quorum.

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

Mar 25, 2025 — Abracadabra, DeFi

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.