Abracadabra proposes shutdown, MIM holders to recover $0.04 per token

🚨 Abracadabra proposes to close its lending protocol, with MIM holders to recover $0.04 per token. 🟠 A series of exploits left more than 95% of $MIM uncollateralized and its peg severely broken. 🟣 The closure plan involves reclaiming collateral and distributing ether to affected users. 🔎 Abracadabra faced multimillion-dollar breaches in 2024 and 2025, fueling the shutdown proposal. Continue Reading:Abracadabra proposes shutdown, MIM holders to recover $0.04 per token The post Abracadabra proposes shutdown, MIM holders to recover $0.04 per token appeared first on COINTURK NEWS.