Abracadabra, the DeFi lending platform once hailed for its innovation, is facing what many are calling an “unlucky curse.” For the third time this year, the protocol has fallen victim to yet another sophisticated exploit — this time draining around $1.8 million worth of Magic Internet Money (MIM).
XingChiJapan’s government is discussing cash handouts of ¥30,000–¥50,000 per person to ease the impact of rising living costs and new US tariffs. The move comes as inflation and a weak yen put pressure on households, while a 24% US tariff on Japanese goods adds to economic concerns.
WeatherlyAbracadabra lost $13 million in ETH due to a hack targeting GMX-linked pools. GMX denies its smart contracts were involved, raising questions about the vulnerability and each platform's role.
KikyoThe team behind DeFi tokens Magic Internet Money and Spell has proposed a centralized legal structure for Abracadabra DAO. Abracadabra’s project lead said there was a need for a certain level of centralized legal structure to protect intellectual property rights and manage server expenses, with crucial decisions still governed by Spell token holders.
TheBlockIt has earnestly reached out to SushiSwap, to effectively carry out all of the necessary alterations in terms of two of its Bento vaults.
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