NEWSLETTER
Blockchain Security Sirp Cyvers has <a target="_blank" href="https://x.com/CyversAlerts/status/1904509755143418003″>reported A great security violation that affected the Defi Abracadabra platform on the Mim_Spell platform.
The attack led to the loss of 6,262 eth, equivalent to around $ 12.9 million.
According to Cyvers, the attacker quickly united the eth stolen from the ethereum Network and distributed the funds in three newly generated wallets.
MIM confirms the violation
March 25, Mim <a target="_blank" href="https://x.com/mim_spell/status/1904535586532180434?s=46″>confirmed The exploit in a statement without revealing the stolen amount.
According to the platform, the Exploit went to its GMCauldron intelligent contracts, which had approved audits conducted by Guardian Audits, the team that reviewed the central infrastructure of GMX.
The platform also highlighted the presence of additional security layers, including integrations with hexagate and the zoshadow threat monitoring system.
Despite these measures, the exploit went unnoticed until several transactions have already been completed. Zeroshadow finally identified the irregular activity, after which Abracadabra suspended all the functions of loans linked to the affected contracts.
While the platform emphasized that no user guarantee was committed, he said that his internal equipment is still evaluating the complete scope of the violation.
Mim declared:
“For the hacker, we are pleased to entertain the negotiations for an error reward of 20% of the total. Communicate with (protected email) or in chain to our Treasury address in eth 0xDF2C270F610DC35D8FDDA5B453E74DB5471E126B”.
While the first indications suggested that the incident could have affected the GMX platform, the DEX clarified that its intelligent contracts remain intact.
According to GMX, the exploit is isolated to the abracadabra caldrones, which support the loans against the GM liquidity tokens.
The protocol <a target="_blank" href="https://x.com/gmx_io/status/1904509326129238479?s=46″>aggregate:
“We believe that the problem is only related to the abracadabra/spell boards. These caldrones allow loans against specific GM liquidity tokens. Taxpayers of spell, GMX and security researchers are currently investigating the cause of the problem.”
Despite the incident GMX distancing, the native token of the platform still received a blow.
Cryptoslate The data show that GMX fell almost 5%, falling from $ 14.74 to $ 13,74 before recovering slightly around $ 14.13 at the time of publication.
(Tagstotranslate) crypto Hacks (T) Defi (T) Mim
