Abracadabra DeFi Protocol Hit by $1.7M Hacker Attack

A recent hack on Abracadabra, a decentralized finance (DeFi) protocol, has resulted in the loss of approximately $1.7 million worth of cryptocurrency. The stolen funds were sent to Tornado Cash, a prominent cryptocurrency mixer, as reported by BlockBeats News. This incident underscores ongoing challenges within DeFi security and contributes to concerns about market confidence and regulatory efforts. )