PANews reported on March 25 that MIM Spell posted on the X platform that core contributors and security engineers are investigating the hacker attack in depth and will provide more information as soon as possible. Each gmCauldron is fully audited before release, and the same auditor is used as the GMX core contract. 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 total losses caused by the attack are being assessed.
MIM Spell added that no user collateral was affected and that the vulnerability only affected gmCauldrons, while offering to communicate with the hacker and provide a 20% bounty of the total stolen funds.
According to previous news, GMX and MIM Spell related contracts were hacked, and about 6,260 ETH were stolen by hackers, with a value of US$13 million.
