DeFi structured product GammaSwap has revealed the discovery of a potentially severe vulnerability through the ImmuneFi bug bounty program. Although the triggering conditions for this vulnerability are relatively strict, GammaSwap has decided to update the contract. Currently, no funds are at risk.
GammaSwap has stated that due to the contract's inability to be upgraded, it has frozen the contract and liquidated all trading positions, with liquidity positions available for withdrawal only. GammaSwap has also indicated that the contract will be redeployed once the vulnerability is fixed.