On March 25, the GMX official issued a statement saying that blockchain security experts such as security research firm PeckShield found that Abracadabra/Spell's GM token fund pool (cauldrons) had been exploited. GMX has made it clear that the GMX smart contract is unaffected and operating normally, and the issue is only related to Abracadabra/Spell's pools of funds, which allow users to borrow against specific GM liquidity tokens. Spell, the GMX team and security researchers are currently investigating the cause of the problem.