On March 25, the GMX official issued a statement saying that blockchain security experts such as security research firm PeckShield found that Abracadabra/Spell's GM token fund pool (cauldrons) had been exploited. GMX has made it clear that the GMX smart contract is unaffected and operating normally, and the issue is only related to Abracadabra/Spell's pools of funds, which allow users to borrow against specific GM liquidity tokens. Spell, the GMX team and security researchers are currently investigating the cause of the problem.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.