Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
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The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
The decentralized exchange for futures and options trading plans to go live on Arbitrum on Jan. 8.
The DeFi platform plans to build an array of financial services tools, including spot and derivatives trading and a predictions market.
Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply.
The attacker had said negotiations would start when they are “fully rested,” and hasn’t been heard from since.
Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.