Vladislav Sopov Attackers have stolen over $111,000 in MIM tokens, exploiting oracle vulnerability Contents Attackers get over $110,000 in MIM, oracles to blame MIM briefly loses its peg amid Binance/...
Tag: MIM
MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing
The Magic Internet Money (MIM), a stablecoin issued by Abracadabra Money, has slightly lost its parity with the US dollar. The MIM stablecoin fell to as low as $0.95 before rebounding to $0.98 as of 5...
MIM stablecoin depeggs following Terra’s Domino effect
Magic web cash (MIM), an America dollar-pegged stablecoin of the gibber scheme, joins the growing list of tokens losing their $1 worth amid associate untimely crypto winter. The unforeseen de-pegging ...
Will Magic Internet Money [MIM] become the latest domino to fall
The latest victim of the crypto crash looks set to be Abracadabra’s a U.S. dollar-pegged stablecoin Magic Internet Money (MIM). The talks of the de-pegging started to spread on 17 June. However, the A...
Another Stablecoin Magic Internet Money (MIM) Loses $1 Parity
Altcoin News MIM has fallen 7% in the last 24 hours and is now trading at $0.9456. Wonderland Treasury withdrew $57 million USDC from a MIM Curve liquidity pool. Since crypto markets began to unravel,...
Magic Internet Money (MIM) Stablecoin Depegs Amid Insolvency FUD
Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market ca...
Terra’s Token Luna Plunges by 25% as Panic Around MIM Stablecoin Aggravates
Arman Shirinyan TIME, MIM and LUNA tokens and coins suffer from Wonderland drama Contents MIM funding issues Wonderland expels Sifu The previously market-leading token, Luna, has lost more than 25% of...
Founder Misconduct, Volatility, And Reflexivity —DeFi Chronicles
DeFi markets have experienced a rollercoaster of emotions the past 24 hours. getty Over the past 48 hours, DeFi and Crypto Twitter have been on a wild ride. The rollercoaster initiated when CoinDesk r...
MIM Triggered Market Panic, Terra (Luna) Loses 20% In Price As A Result
The native cryptocurrency of Terra blockchain, LUNA, fell over 20% to reach an intra-day low of $48.18. Sharp drop is connected to negative sentiments in the market caused by Terra’s connection to Mag...
Depegging for algorithmic stablecoin MIM a concern for many
Stablecoin depegging for MIM has raised serious concerns across the digital finance sector A loss of confidence is one of the reasons for the fall in value recently Individual traders may be losing ...
Algorithmic Stablecoin MIM Losing Peg – Trustnodes
A dai like algorithmic stablecoin that is meant to equal $1, Mim, is seeing its peg come under pressure following a crash in the price of eth and many tokens. Unlike dai where you have plain eth or US...
Stable Coins Benefit As Bitcoin Falls Below $40,000
Bitcoin has fallen below $40,000 for the first time since September 2021. getty In the past 24 hours, bitcoin has fallen over 6%, now sitting below $40,000, the first time since September 2021. From a...
Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero – Bitcoin News
Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s d...
MIM and UST are “Solid” Ponzi Schemes
The co-founder of MakerDAO, Rune Christensen, has called Terra’s UST and MIM solid Ponzi schemes that will turn into nothing as market conditions change. The developer noted that the two digital...