GammaSwap: Potential vulnerability detected, contract frozen

TechFlow reports that DeFi structured product GammaSwap has identified a potential critical vulnerability through ImmuneFi's bug bounty program. Although the conditions required to exploit this vulnerability are stringent, GammaSwap has decided to update its contract as a precaution. No funds are currently at risk.

GammaSwap stated that, since the current contract is non-upgradable, they have frozen the contract, closed all trading positions, and placed liquidity positions into withdrawal-only mode. GammaSwap will redeploy the contract once the vulnerability has been fixed.