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GMX Defends Contracts After $13 Million Loss Tied to Abracadabra’s Cauldron Exploit
March 26, 2025 – CryptoPotato – As the blockchain security firm PeckShield reported an exploit involving the GMX decentralized exchange (DEX), the incident has sparked concerns about vulnerabilities within the Abracadabra ecosystem. According to reports, a $13 million theft occurred due to the integration of GMX V2 and Abracadabra’s cauldrons, which utilize GMX’s liquidity pools for their operations.
In response to the security breach, GMX clarified that its contracts remain secure and were not compromised in any way. The team explained that the issue was confined to the interface between GMX V2 and Abracadabra’s cauldrons. Notably, no vulnerabilities were found within GMX’s own smart contracts.
Source: https://cryptopotato.com/gmx-defends-contracts-after-13-million-loss-tied-to-abracadabras-cauldron-exploit/
