Hacker Returns $40 Million Stolen to GMX
2025-07-11 15:03:56
Main Idea
The decentralized exchange GMX suffered a hacker attack resulting in approximately $42 million in stolen assets, prompting immediate platform responses and causing a significant drop in GMX's token price.
Key Points
1. Approximately $42 million in assets were stolen in the GMX hack.
2. The attack targeted the GLP coin pool on GMX V1 in the Arbitrum network.
3. GMX V1 trading, GLP issuance, and redemption were halted on Arbitrum and Avalanche in response.
4. The vulnerability did not affect GMX V2, its markets, liquidity pools, or the GMX native token.
5. GMX's token price dropped by 17% following the attack.
Description
The decentralized exchange (DEX) GMX has suffered a hacker attack, resulting in approximately $42 million in digital asset losses. The incident drew swift attention from the crypto community, with a researcher known as DeFi Cheetah among the first to notice the suspicious outflow of funds. According to on-chain data, at the time of reporting, the hacker was transferring assets from the L2 Arbitrum solution to Ethereum. The attacker had already exchanged some USDC stablecoins for DAI. The comprom...
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