Third Major Breach Raises Questions Over Abracadabra Security

[nihalsari]

The $1.7M hack marks Abracadabra’s third exploit in under two years, following a $6.49M loss in 2024 and a $13M exploit in March 2025. The team has pledged DAO reserve funds to cover losses, but repeated breaches are fueling doubts about the protocol’s security and long-term viability.

[Rimon Khan]

Three breaches in one cycle is alarming. Time for a complete overhaul of their smart contract system.

[Abdul Khan]

Security audits should be routine, not reactive. This could cost Abracadabra serious credibility.