GMX Clarification: Contract Found to Have No Issues, Not Affected by This Theft

BlockBeats News, March 25th, GMX officials stated in a post that, according to PeckShield and other security experts monitoring the blockchain, an exploit related to a large cauldron associated with the Abracadabra/Spell GM token appears to have occurred.

It is important to clarify that no issues have been found with the GMX contract, and it is not affected by this unfortunate event. "We believe the issue is only related to the Abracadabra/Spell cauldrons. These cauldrons allow borrowing against specific GM liquidity tokens." Currently, Spell, GMX contributors, and security researchers are investigating the cause of the issue.