“The decentralized GMX derivative exchange was attacking the attacker withdrew more than $ 43 million from the GLP liquidity in V1. Among the stolen assets are USDC, FRAX, WBTC, Weth, ETH and other tokens. This was reported by Peckshield. .@Gmx_io have been Exploited for ~ $ 42m. The Exploiter Has Bridged ~ $ 9.6m Wrth of Cryptos to #ethereum. pic.twitter.com/sktc1ubvei – […]”, – WRITE: Businessua.com.ua
The decentralized GMX derivative exchange was attacking the attacker withdrew more than $ 43 million from the GLP liquidity in V1. Among the stolen assets – USDC, FRAX, WBTC, WET, ETH and other tokens. This was reported by Peckshield.
.@Gmx_io have been Exploited for ~ $ 42m. The Exploiter Has Bridged ~ $ 9.6m Wrth of Cryptos to #ethereum. pic.twitter.com/sktc1ubvei
– Peckshield Inc. (@peckshiled) July 9, 2025
According to onchin don, hacker converted USDC to ETH and then in DAI. Arkham Intel estimates that his wallet contains $ 43.5 million.
The GMX team addressed the attacker with a public message, offering a 10% reward and refusing legal prosecution in exchange for a refund within 48 hours.
According to the platform, the total trading exceeds $ 305 billion, open interest is $ 229 million, the number of users is over 714,000. The exchange operates on Arbitrum and Avalanche networks.
We will remind that for the first six months of 2025 cryptorine suffered losses of $ 2.1 billion due to hacker attacks.
The gun
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