Decentralized Exchange GMX Exploited for $42M, Offers Hacker 10% White Hat Bounty

Decentralized Exchange GMX Exploited for $42M, Offers Hacker 10% White Hat Bounty

A portion of the stolen funds has already been bridged from Arbitrum to Ethereum.

GMX Offers Bounty After $42M Exploit on Arbitrum - Blockchain & Cryptocurrencies Tabloid

GMX targeted in $42M exploit; offers $4.2M bounty, halts trading to mitigate effects. The post GMX Offers Bounty After $42M Exploit on Arbitrum appeared first on Blockchain & Cryptocurrencies Tabloid.

Crypto hackers lift $42m from GMX’s Arbitrum liquidity pool in broad daylight

Despite layers of scrutiny, GMX’s V1 GLP pool was hacked for over $40 million in a brazen exploit. With leverage functions now frozen, traders are left wondering: How did audited contracts crack? And what does this mean for DeFi’s perpetual…

Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report - The Daily Hodl

Blockchain security Peckshield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX).

The Daily: Pump.fun confirms PUMP token sale plans, hacker drains over $40 million from GMX, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Suspicious Activity Shakes GMX’s Stability

The post Suspicious Activity Shakes GMX’s Stability appeared on BitcoinEthereumNews.com. In an unexpected turn for the decentralized finance sector, GMX, a once-dominant perpetual trading platform, has found itself at the center of a significant security breach. The crypto community has been jolted by the revelation that GMX suffered a major exploit, casting a shadow over the platform’s stability and leading to a dramatic 20% drop […] Continue R…