TechFlow reported on March 25 that GMX officially announced security firm PeckShield and other blockchain security experts discovered an exploited vulnerability in the Abracadabra/Spell vaults (cauldrons) utilizing GM tokens.
GMX clarified that its smart contracts were unaffected and continue to operate normally, with the issue solely related to the Abracadabra/Spell vaults. These vaults allow users to borrow funds by using specific GM liquidity tokens as collateral. Spell, GMX teams, and security researchers are currently investigating the root cause.
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