Abracadabra, the issuer of the algorithmic stablecoin MIM, tweeted that it has learned that cauldrons on Avalanche may have a loophole, but no user funds have been lost. The loophole has now been fixed and all collateral has been secured. Foresight News reported today that Avalanche released a description of Apricot Phase 6, saying that it received a problem report from the Abracadabra and Sushi development teams on September 4. The precompilation function of native assets used to interact with Avalanche native tokens on the C chain may be broken. Being abused, the current code vulnerability has been fixed.