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

11 hours ago

On March 25th, MIM Spell's official announcement indicated that they had become cognizant of a vulnerability associated with gmCauldrons. Core contributors and security engineers are actively engaged in investigating the matter and will furnish more details as soon as feasible. "Even though multiple systems were deployed, the vulnerability was only detected after the attacker executed several transactions. After being alerted by the Zeroshadow team, we promptly disabled the borrowing functionality for all cauldrons." The full magnitude of the attack's losses is currently being evaluated. We are collaborating with Guardian Audits, GMX, and other security counterparts to identify the hacker's execution process. User collateral remains unaffected, and this vulnerability solely impacts gmCauldrons. We are willing to negotiate regarding a bug bounty equivalent to 20% of the total amount.
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