Abracadabra Moves to Shut Down MIM Stablecoin, Offering Holders Roughly 4 Cents per Token

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$21M

bad debt found

$ETH

$2,678

-1.1%

A Snapshot vote closing Wednesday would liquidate most of the lending protocol's remaining collateral into ether after its team found about $21 million of bad debt.