A crypto custodian, which was placed under receivership in July, incurred a loss of $76 million due to a separate wallet mishap in 2021, as stated in a court submission.
Blockchange Ventures took the forefront in spearheading the fundraising efforts, joined by a consortium of investors including Dispersion Capital, Symbolic Capital, Hypersphere Ventures, Iclub, and TA Ventures.
All generated proceeds from implementing this strategy will be retained in Abracadabra's treasury and allocated towards mitigating the DAO risk related to CRV's liquidity conditions.
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