🧙🏼‍♂️! @elixir 🤝🏼 @MIM_Spell Following the successful | MIM Spell on Binance Square

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🧙🏼‍♂️!
@elixir 🤝🏼 @MIM_Spell
Following the successful passing of SAIP #54.3, the Minimum Collateral Ratio (MCR) for our $sdeUSD cauldrons has been raised to 90%, making all open positions healthier!✅🔥👇🏻🏛️
https://t.co/Qjpwpx45ls
1.22m $MIM are available to be looped up, with further top ups ready to go!👀👇🏻

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🧙🏼‍♂️! Wizards have been spotted on @NibiruChain 🌋🧙‍♂️ Looks like @MIM_Spell has opened a portal. ✅ MIMSwap Technology ✅ $SPELL rewards ✅ $MIM cauldrons ✅ Leveraged yield farming Nibiru just got spellbound 🔮👇🏻 https://mirror.xyz/0x5744b051845B62D6f5B6Db095cc428bCbBBAc6F9/8M3Ph5acSG8_YQYbClyNYGa6c6NNLCegvNFEZ8dYBwU

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$13M exploit. 50% repaid in less than 36h. Zero user funds lost. Abracadabra isn’t backing down We are rebuilding stronger with @berachain , @NibiruChain, and @PurrSwap_ expansions. SPELL emissions on pools are uninterrupted, with new avenues arriving. Full remediation by mid-2025. Treasury holdings at around $19m pre repayment, liquid assets. Trust, transparency, and action.

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Security Update: The hackers's funds have been consolidated over 3 wallets: -0x018182FD7B856AeE1606D7E0AA8bca10F1Cb0b5d -0xa8f822E937C982e65b0437Ac81792a3AdA76A1ff -0x047C2a3dd1Ab4105B365685d4804fE5c440B5729 We have the full might of @chainalysis and @zeroshadow_io behind us, through our Crypto Incident Response partnership, which is tapping into their extended network of exchanges and partners as well as successfully tracking the moved funds. We have also reached out to the attacker via an on-chain message, offering a chance to return the funds and qualify for a bug bounty. Transactions with message: https://t.co/sPqRZVwuoA https://t.co/bM0mCK38bP https://t.co/1N3u7uTXu9 Reach out at [email protected], on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B or our deployer addresses (eg 0xfddfE525054efaAD204600d00CA86ADb1Cc2ea8a). A full post mortem is coming in the upcoming days. We thank you all for your patience and support during these challenging times. The rest of the Abracadabra products remain unaffected by this incident.

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We are aware of an exploit in relation to our gmCauldrons. Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as available. Each gmCauldron was fully audited by @GuardianAudits prior to release. The same lead auditors as GMX core contracts, gmCauldrons are also integrated within the rest of Abracadabra Security infra including @zeroshadow_io tracking, @hexagate_ response software as well as further security measures behind the scene. While having multiple systems in place, the exploit was caught only after the attacker executed several transactions. The Zeroshadow team alerted us and we quickly turned off all borrows to all cauldrons. The full damage of the attack is currently being assessed. We are working together with @GuardianAudits, @GMX_IO, and other security peers to identify the execution of the hack. No user collateral is affected and this exploit only affects the gmCauldrons. We are in close contact with @chainalysis who are tracking the funds, that are currently consolidated on 0xaf9e33aa03caaa613c3ba4221f7ea3ee2ac38649. To the hacker, we are happy to entertain negotiations for a bug bounty of 20% of the total. Reach out at [email protected] or on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B. A full post mortem will be provided once ready.

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