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Tag ‘GMX’ 1 Results

GMX Exploited for $40M in GLP Pool Attack, Offers Hacker 10% Bounty For Return

GMX suffered a $40 million exploit due to a design flaw in its V1 protocol, allowing an attacker to manipulate GLP pricing and redeem inflated assets. The attacker later bridged funds via Circle, swapped into 11,700 ETH, and triggered backlash over Circle’s delayed response and failure to freeze the stolen USDC.

Jul 10, 2025

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GMX Exploited for $40M in GLP Pool Attack, Offers Hacker 10% Bounty For Return

Jul 10, 2025