Blockchain security company Cyvers has reported An important infringement of the security that influenced the Mim_Spell platform of Defi -Platform.
The attack led to the loss of 6,262 ETH, equal to around $ 12.9 million.
According to WYGERS, the attacker quickly bridged the stolen ETH to the Ethereum network and spread the funds over three newly generated portfolios.
MIM confirms infringement
On March 25, MIM confirmed the exploit in a statement without announcing the stolen amount.
According to the platform, the exploit was aimed at its GMCALDRON Smart Contracts, who had passed on audits carried out by Guardian Audits, the team that rated the core infrastructure of GMX.
The platform also emphasized the presence of extra security layers, including integrations with the threat system of Hexagate and Zeroshadow.
Despite these measures, the exploit unnoticed until various transactions had already been completed. Zeroshadow ultimately identified the irregular activity, after which Abracadabra has suspended all loan functions that have been linked to the affected contracts.
Although the platform emphasized that no collateral had been affected by users, it noted that his internal teams still assess the full scope of the infringement.
Mim explained:
“For the hacker we are happy to entertain negotiations for a bugbounty of 20% of the total. [email protected] Or on chain to our treasury address on ETH 0xDF2C270F610DC35D8FLDA5B453E74DB5471E126B. “
Although early indications suggested that the incident could have influenced the GMX platform, the Dex clarified that his smart contracts remain untouched.
According to GMX, the exploit is isolated for the Abracadabra boilers, which support the loans against GM -Liquidity Stokens.
The protocol added:
“We believe that the issue relates exclusively to the Abracadabra/Spell -boilers. These boilers provide borrowing against specific GM -Liquiditystokens. The contributors to Spell, GMX and security researchers are currently investigating the cause of the problem.”
Despite the distance from GMX of the incident, the native token of the platform still took a hit.
CryptoSlate Data shows that GMX fell nearly 5%and fell from $ 14.74 to $ 13.74 before it recovered somewhat to around $ 14.13 from the moment of the press.
