Blockchain security firm Cyvers reported a security breach on DeFi platform Abracadabra’s MIM_Spell platform, resulting in the loss of 6,262 ETH, worth $12.9 million. The attacker quickly moved the stolen funds to three wallets. MIM confirmed the breach and is assessing the situation, offering a bug bounty to the hacker. GMX clarified that its smart contracts were not affected by the incident. Despite this, GMX’s native token price dropped by 5%.

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