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.

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