Abracadabra to repay 50% of $13M exploit losses within 36 hours

DeFi platform Abracadabra (SPELL), which recently suffered a $13 million exploit, announced on its official X account that it will repay more than 50% of the stolen funds within 36 hours, ensuring no user funds were affected. The platform, which issues the algorithmic stablecoin MIM, stated that it aims to complete full repayment by mid-2025 and currently holds $19 million in liquid assets in its treasury.