Decentralized trading platform GMX may have suffered a security exploit resulting in approximately $40 million in losses, according to an unverified report.
The incident reportedly occurred roughly 40 minutes prior to the alert. Specific technical details about the alleged breach remain undisclosed as platform representatives have yet to issue an official statement.
This potential exploit highlights ongoing security challenges within decentralized finance ecosystems. The crypto community awaits further investigation and confirmation from GMX developers regarding the scale and impact of the reported incident.