On March 25, GMX official issued a statement saying that blockchain security experts such as PeckShield, a security research institution, found that Abracadabra/Spell's fund pool (cauldrons) using GM tokens were exploited. GMX has made it clear that the GMX smart contract is not affected and runs normally, and the problem is only related to the Abracadabra/Spell fund pool. These fund pools allow users to borrow and lend on specific GM liquidity tokens as collateral. Currently, Spell, the GMX team and security researchers are investigating the cause of the problem.