Abracadabra Exploited for $1.7M in Fresh Attack

[nihalsari]

DeFi project Abracadabra has been hit by a new exploit draining about $1.7 million. Security firm Go Security flagged the breach, confirming attackers laundered some stolen ETH through Tornado Cash. The attacker’s wallet still holds roughly $1.55 million.

[Rimon Khan]

Another hit for Abracadabra. Repeated exploits show urgent need for better internal protocols.

[Abdul Khan]

Investors will be watching how fast they can fix this and recover user trust.