Digital assets associated with the decentralized finance (DeFi) project Abracadabra Finance, including its Magic Internet Money (MIM) stablecoin, values fell after its team confirmed an exploit of the platform. In a Jan. 30 post on social media platform X (formerly Twitter), the project’s team acknowledged an ongoing exploit involving certain Ethereum cauldrons. “Our engineering team […]
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Abracadabra Finance’s MIM stablecoin falls from peg after $6.5M hack