MIM Spell: Willing to negotiate with the hacker and offer a 20% bounty, user funds are unaffected

BlockBeats News, March 25th, MIM Spell's official announcement stated that they have become aware of a vulnerability related to gmCauldrons. Core contributors and security engineers are actively investigating the issue and will provide more information as soon as possible. "Despite deploying multiple systems, the vulnerability was only discovered after the attacker executed several transactions. After the Zeroshadow team alerted us, we swiftly disabled the borrowing functionality for all cauldrons."

The full extent of the attack's losses is currently being assessed. We are collaborating with Guardian Audits, GMX, and other security peers to identify the hacker's execution process. User collateral is unaffected, and this vulnerability only impacts gmCauldrons.

We are willing to negotiate on a bug bounty equivalent to 20% of the total amount.