MIM Spell posted on the X platform that the core contributors and security engineers are investigating the issue in depth and will provide more information as soon as possible. Each gmCauldron is fully audited before release, using the same auditors as the GMX core contract. The gmCauldrons are also integrated into the rest of the Abracadabra Security infrastructure. This time, the vulnerability was discovered after the attacker executed multiple transactions. All cauldrons' lending has been closed and the full loss caused by this attack is being evaluated.
MIM Spell added that no user collateral was affected, and that the vulnerability only affected gmCauldrons, while willing to communicate with the hackers and offer a bounty of 20% of the total stolen funds.
MIM Spell: Willing to offer hackers 20% of the total stolen funds as a bounty
2025-03-25 14:16:56
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