A recent breach on the Abracadabra DeFi lending platform has reignited fears about weaknesses in decentralized finance. This cyberattack resulted in the illicit creation and theft of $1.8 million worth of the platform’s stablecoin, Magic Internet Money (MIM), posing significant concerns for the broader DeFi industry.
Source: https://en.bitcoinhaber.net/defi-platform-abracadabra-suffers-1-8-million-cyber-breach
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