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Home » DeFi Protocol Abracadabra Finance Suffers $6.4 Million Hack – Milk Road

DeFi Protocol Abracadabra Finance Suffers $6.4 Million Hack – Milk Road

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DeFi Protocol Abracadabra Finance Suffers $6.4 Million Hack – Milk Road

DeFi lending protocol Abracadabra Finance appears to have suffered a security breach, leading to over $6.4 million drained from its smart contracts.Security researchers, including PeckShield, estimate total losses may still increase, with nearly $29 million in digital assets remaining at risk across its platform.Key Details:The attack targeted and exploited the Abracadabra cauldron contract.Currently, an estimated $6.4 million has been hacked.But an additional $29 million is still vulnerable as the threat continues.Abracadabra to buyback and burn stablecoin deposits from the open market.Founded by developers linked to Wonderland, Popsicle Finance.Read more: HyperFund Founders Charged With $1.89B Crypto Scam And Ponzi SchemeBlockchain intelligence firm… 

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