TechFlow reports that Arbitrum-based DEX Camelot recently announced on its official Twitter that its v3 AMM (Automated Market Maker) has been in beta testing for the past two months and a potential issue was identified. Although user funds are currently at no risk, as an additional safety measure, Camelot is requesting community members to remove their positions from v3.
It should be noted that other contracts and v2 are unaffected by this incident. To further ensure user fund security, Camelot has decided to deprecate the current v3 AMM contract and plans to redeploy a new version alongside v3 farms soon.
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