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Abracadabra blames hacks for shutdown amid ‘looting’ claims
Embattled DeFi project Abracadabra has proposed “an orderly wind down,” blaming a string of security incidents which leave its stablecoin MIM with “no viable path back to parity.
Protos · 1d ago · 4 min read0 upvotes · 0 comments
NewsUS Senator Blumenthal Calls Tether's USDT a 'Superhighway' for Iranian Sanctions EvasionThe Connecticut Senator's subcommittee released its report on Monday and referred the findings to Treasury and the Justice Department.Decrypt · 1d agoNewsBinance Pay lets visitors spend USDT at PayPay merchants in JapanBinance Pay will let overseas users spend USDT at most PayPay-supported merchants in Japan through HIVEX, while stores receive yen.Cointelegraph · 1d agoNewsTether says it helped freeze $550M in Iran-linked USDT this yearThe disclosure came as Senate Democratic investigators alleged USDT had become a key part of Iran’s shadow banking network.Cointelegraph · 2d ago
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