Yes, I wouldn't speak on something I didn't try myself. Bypass has been out for awhile, I tried days ago and again just now. I don't care about the bonuses just stating that you receive no additional benefits from the edited points. You receive what you would've received normally.
Editing cooldown is just as useless. Other people can see you spamming the spells, and your points appear to accumulate when you use it on monsters. But you do zero damage and the points are useless. Same thing with editing movement speed via memory editing. The chinese and korean players raped Dragon Nest with memory editing from 2009-2010.
After that most of it was fixed and as such, it's fixed here.
Plenty of hacks and exploits are still possible but very little can be accomplished by
simply using Cheat Engine.