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Cryptocurrencies: 30128
Markets: 113776
Market Cap: $2,847,346,931,331     
24h Vol: $96,141,602,762
Coin-turk.com 2026-09-30 15:42:24

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

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.
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