...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet.
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The project disclosed the theft, describing the exploit as affecting "some deprecated contracts". They downplayed the theft, saying they'd bought back the stolen assets using treasury funds.
Abracadabra previously suffered a $13 million theft in March 2025, and a $6.5 million theft in January 2024.
As recently as this year, Futureverse was earning spots on "most innovative company" lists. In April, they announced they'd be acquiring Candy Digital, an NFT company created by Mike Novogratz, Gary Vaynerchuk, and others (which itself had raised a $100 million series A in 2021, and another funding round in 2023). "NFTs will be back in a big way one of these days", wrote Axios, covering the sale in April 2025.
But now, Futureverse has announced they've "made the difficult decision to begin a restructuring of the business". Focusing only on the AI portion of their business, and conspicuously omitting any mention of blockchains, NFTs, or metaverses, the company says they "recognize that adjustments are needed to ensure the long-term sustainability of our vision."
Futureverse locked comments on the post, likely to try to dodge angry community members who accused the company of stealing from them or rug-pulling.
The project had attracted customers by advertising yields of 76–95%.
SBI Crypto has not made any public statements addressing the apparent theft.
