Abracadabra Money secures repayment of over $ 50% of the $ 13 million from recently captured amount-Dao-Schatzamt contributes 6.5 million MIM.
Abracadabra Money secures repayment of over $ 50% of the $ 13 million from recently captured amount-Dao-Schatzamt contributes 6.5 million MIM.
Abracadabra Money: Repayment of over 50 % of the stolen amount according to the latest exploit
In a current development, Abracadabra Money has repaid over 50 % of a total of $ 13 million that were stolen in a recent exploit. By using his DAO (Decentralized Autonomous Organization) Treasury, the platform was able to reimburse 6.5 million MIM (Magic Internet Money).The incident caused a sensation in the blockchain community and shows both the risks and the possibilities of defi ecosystems (Decentralized Finance). Due to the repayments, Abracadabra Money sets a positive sign of responsibility towards its users and the commitment to regain lost trust.
These measures can not only strengthen the trust of users in Abracadabra Money, but also help to improve general security in the Defi world, while at the same time the risks associated with the use of such platforms are discussed.
In summary, it can be said that the repayment of over 6.5 million MIM is a significant step for Abracadabra Money and the platform will continue to work on improving its security measures and the user experience.