Abracadabra Addresses Third Hack Through Treasury Buyback
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 09 2025Recent Hack Incident: Abracadabra Money experienced its third hack since 2024, resulting in a $1.8 million loss due to a recurring smart contract flaw, which was mitigated through a treasury buyback.
Concerns Over Security: The repeated breaches have raised alarms about systemic risks in DeFi protocols, prompting calls for rigorous audits and improved risk management practices to enhance security in the ecosystem.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
