News with the tag "Hacking"

The decentralized trading platform GMX suffered a $42 million exploit due to a design flaw in GMX V1, with the attacker converting most stolen assets into ETH and moving them to new wallets.

The native token of Kinto (K) experienced a drastic 92% drop in value within 24 hours due to an off-chain exploit and a sudden increase in circulating supply, leading to accusations of investor dumping and widespread market chaos.

A hacker converted $42.8M in stolen crypto from GMX into ETH, likely rejecting GMX's white-hat bounty offer, highlighting challenges in DeFi security and asset recovery.