A popular DeFi platform, Abracadabra Money, has been hit by a significant security breach, losing around $1.7 million in funds. Blockchain researcher @officer_cia and Weilin William Li reported that these funds were quickly moved to the privacy-focused cryptocurrency mixer Tornado Cash. The attack underscores the ongoing vulnerabilities within decentralized finance (DeFi) platforms, raising concerns about security protocols and asset protection. Abracadabra Money’s smart contract vulnerabilities allowed attackers to bypass solvency checks, potentially leading to this exploit. This incident comes after a similar but larger breach in March 2025 that resulted in $13 million being stolen.