According to @EmberCN, the hacker involved in the recent GMX exploit has now laundered the 1,700 ETH ($5 million) white-hat bounty using the Tornado Cash mixer. This event marks the conclusion of the security incident where the attacker initially stole assets worth $42 million, which appreciated to $45 million due to the rise in Ethereum's (ETH) price, as cited by the source. The source reports that the hacker returned $40 million of the assets to GMX, with the protocol covering the remaining $2 million loss. The exploiter ultimately walked away with the $5 million bounty, an outcome that could influence trader sentiment regarding GMX's security resolution process and the ongoing risks associated with DeFi protocols.

According to PeckShieldAlert, an exploiter connected to the GMX protocol has sent an on-chain message indicating that the stolen funds will be returned at a later time. The blockchain security firm highlighted this communication from the exploiter. For traders, this development could introduce significant volatility for the GMX token. A potential return of funds could trigger a positive price movement, while any delay or failure to follow through could lead to negative sentiment. The situation remains uncertain until the funds are actually returned.

According to @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in the DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network. In response, GMX developers have issued an on-chain message offering the attacker a 10% white-hat bounty for the return of the assets. This major security breach could impact trader confidence in DeFi protocols, particularly those operating on Layer-2 solutions like Arbitrum.

According to @lookonchain, the decentralized perpetual exchange GMX has been exploited for over $42 million, an event confirmed by blockchain security firm PeckShield. The stolen assets include $9.6 million in Wrapped Bitcoin (wBTC), $5 million in the DAI stablecoin, and over $10 million in legacy Frax dollar. PeckShield reported that $9.6 million of the funds have been bridged to the Ethereum blockchain, a common path for laundering through services like Tornado Cash, while $32 million remains on the Arbitrum network where GMX is hosted. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds. This incident highlights the persistent security risks in the DeFi sector for traders, contributing to the $2.5 billion lost to crypto hacks and scams in the first half of 2025 as reported by CertiK.

According to @EmberCN, the decentralized perpetual exchange GMX has suffered a major exploit resulting in the theft of over $42 million in crypto assets, as initially reported by blockchain security firm PeckShield. The stolen funds include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in DAI stablecoin. The report notes that $9.6 million has already been bridged to the Ethereum (ETH) network, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have made an on-chain offer to the hacker for a 10% white-hat bounty in exchange for the return of the funds. This incident underscores the significant security risks for traders in the DeFi space, which is a critical consideration for portfolio security.

According to @lookonchain, the decentralized perpetual exchange GMX has suffered a major exploit resulting in the theft of over $42 million in crypto assets, as reported by blockchain security firm PeckShield. The stolen funds include $9.6 million in wrapped BTC (wBTC), $5 million in DAI stablecoin, and over $10 million in legacy Frax dollar. The report indicates that $9.6 million of the stolen assets have already been bridged to the Ethereum blockchain, a common step before laundering through mixers like Tornado Cash, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds via an on-chain message. This incident adds to the growing security concerns in the DeFi space, which saw $2.5 billion lost to hacks in the first half of 2025, according to a CertiK report.

According to @AltcoinGordon, a recent $8 billion Bitcoin (BTC) transfer by a Satoshi-era whale is likely a wallet security upgrade rather than a market sale, as suggested by on-chain analytics firm Arkham. The funds were moved from legacy addresses to more secure and efficient native SegWit bc1q-style addresses, and Arkham reports the BTC remains untouched. Ledger CTO Charles Guillemet noted that legal notices sent via OP_RETURN messages to the old wallets may have prompted the owner to move the funds as a precautionary measure. This event highlights the growing importance of wallet security, which is further underscored by the imminent threat of quantum computing, or 'Q-Day'. Experts like IBM Quantum's Jay Gambetta warn that 'Harvest Now, Decrypt Later' attacks are already underway. The crypto market faces significant risk, with researchers estimating 4 million BTC are vulnerable, and BlackRock has officially listed quantum computing as a risk in its Bitcoin ETF filing. Ethereum co-founder Vitalik Buterin has already proposed emergency hard-forks to address this cryptographic threat, but researchers at the University of Kent warn such an upgrade could lead to 75 days of downtime for the Bitcoin network, posing a major risk to the asset class.

According to @VitalikButerin, the Ethereum co-founder stated that the crypto industry is at an “inflection point” and that decentralization must become a concrete user guarantee rather than just a catchphrase. Speaking at the Ethereum Community Conference, Buterin warned that too many Layer-2 networks, DeFi projects, and “decentralized” front-ends rely on insecure elements like hidden backdoors and instant upgrade buttons, which can be hacked. He outlined three practical tests for every crypto project's security: the “walk-away test” (do users keep assets if the company disappears?), the “insider attack test” (how much damage can rogue insiders cause?), and the “trusted computing base” test (how much code must be trusted?). Buterin stressed that if Ethereum (ETH) fails to build systems that pass these tests, it risks becoming obsolete and losing its competitive edge.

According to @AltcoinGordon, the cryptocurrency market faces an existential threat from quantum computing, known as "Q-Day," which could render current encryption obsolete. Experts like Jay Gambetta from IBM Quantum warn that malicious actors are already conducting "Harvest Now, Decrypt Later" attacks, stockpiling encrypted data to be broken by future quantum computers. The risk is so significant that BlackRock included it in its Bitcoin ETF filing, with researchers estimating 4 million BTC are vulnerable. In response, Ethereum co-founder Vitalik Buterin has proposed emergency hard-fork solutions for ETH. Buterin also cautioned that the entire ecosystem is at an "inflection point," where projects must prove their decentralization or fail. Amid these security concerns, key ecosystem developments are unfolding: the Bitcoin Layer-2 network Botanix has launched its EVM-compatible mainnet with 5-second block times, and Ripple's XRP Ledger has deployed its EVM sidechain, using XRP as the gas token to enhance interoperability. Furthermore, institutional adoption is growing, with Robinhood building its own Arbitrum-based Layer-2 for tokenized assets and Deutsche Bank planning a crypto custody service.

According to @KookCapitalLLC, a major cryptocurrency media outlet's website was compromised by a front-end exploit that displayed a fake airdrop pop-up, a phishing tactic designed to drain user wallets. This incident highlights a growing security risk for traders. Concurrently, a new report from security firm Certik reveals that crypto losses from hacks and scams in the first half of 2025 have already exceeded $2.47 billion, with wallet compromises ($1.7 billion) and phishing ($410 million) being the primary attack vectors. The report specifies that the Ethereum (ETH) network suffered the most, with $1.5 billion stolen across 164 incidents, followed by Bitcoin (BTC) with $373 million in losses. Despite these significant security threats, market data shows Bitcoin (BTC) trading at approximately $109,066 and Ethereum (ETH) around $2,571, indicating market activity continues amidst heightened risks.

According to @AltcoinGordon, the cryptocurrency market faces a significant long-term threat from quantum computing, with researchers warning that 4 million Bitcoin (BTC), or about 25% of the usable supply, could be stolen once quantum computers can break current encryption. This risk is underscored by BlackRock's unprecedented move to add quantum computing as a critical risk in its Bitcoin ETF filing. The text highlights that malicious actors are already engaging in "Harvest Now, Decrypt Later" attacks. In response to this existential threat, Ethereum (ETH) co-founder Vitalik Buterin has proposed emergency hard-fork solutions. On the development front, the Botanix Bitcoin Layer-2 and the XRP Ledger EVM-sidechain have both launched on mainnet, aiming to increase programmability and interoperability for BTC and XRP respectively. Further bridging the gap with traditional finance, Robinhood is launching an Arbitrum-based Layer-2 for tokenized assets, while Deutsche Bank plans a crypto custody service for next year. However, regulatory uncertainty persists in the U.S. as a crypto tax clarification proposal failed to pass and the New York Attorney General has warned against rushing stablecoin legislation.

According to @NFT5lut, Ethereum co-founder Vitalik Buterin has issued a critical warning that the network is at an inflection point and risks losing its competitive edge if decentralization is not properly implemented. Buterin argued that too many projects, including Layer-2s and DeFi protocols, have security vulnerabilities like hidden backdoors, which could undermine investor confidence and the long-term value of Ethereum (ETH). He outlined key tests for projects, including resistance to insider attacks and ensuring users retain assets if a project fails. This fundamental risk assessment comes as ETH trades around $2,561, while competitors like Solana (SOL), trading at $151.68, show strong relative performance, with the SOLETH pair up over 2.5%, highlighting the urgency for Ethereum to solidify its core principles to maintain market leadership.

According to @CryptoMichNL, the cryptocurrency market faces a significant threat from quantum computing, with researchers warning that 4 million Bitcoin (BTC), or about 25% of the usable supply, could be stolen once quantum computers can break current encryption. The source highlights that BlackRock has added quantum computing as a critical risk in its Bitcoin ETF filing. The threat, known as "Harvest Now, Decrypt Later," involves malicious actors collecting encrypted data today to decrypt in the future, a concern voiced by IBM Quantum's Jay Gambetta. For Ethereum (ETH), co-founder Vitalik Buterin has proposed emergency hard-forks as a potential solution. In other major developments, Polygon (MATIC) is undergoing a strategic overhaul, with co-founder Sandeep Nailwal taking over as CEO to focus on the AggLayer cross-chain protocol while retiring the zkEVM. Additionally, the Ethereum Foundation has established a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability, and Bitcoin Core is set to increase its OP_RETURN data limit, which could affect on-chain data storage.

According to @AltcoinGordon, the cryptocurrency market faces a significant long-term threat from quantum computing, dubbed 'Q-Day,' which could render current encryption methods obsolete. Experts warn this is a present crisis, not a future problem, due to 'Harvest Now, Decrypt Later' attacks where encrypted data is being collected today for future decryption by quantum computers, as noted by Jay Gambetta of IBM Quantum. The risk is so significant that BlackRock added quantum computing as a critical risk factor in its Bitcoin ETF filing. Researchers estimate that 4 million Bitcoin (BTC), or about 25% of the usable supply, could be stolen once quantum computers are powerful enough. In response, Ethereum (ETH) co-founder Vitalik Buterin has proposed emergency hard-fork solutions, which could involve significant downtime. Meanwhile, the ecosystem continues to evolve with the launch of the Botanix mainnet, a Bitcoin Layer-2 designed to slash block times, and the mainnet launch of the XRP Ledger's EVM sidechain, aiming to enhance interoperability for dapps in the XRP ecosystem.

According to @FoxNews, a North Korean hacking group known as Famous Chollima is targeting cryptocurrency professionals with a new Python-based malware called PylangGhost. Citing research from Cisco Talos, the report details how the hackers impersonate major firms like Coinbase, Robinhood, and Uniswap through fake career sites. The attack lures applicants into downloading the malware, disguised as a skills test component, which is a remote access trojan (RAT) designed to steal credentials and data from over 80 crypto wallet extensions, including MetaMask, Phantom, and TronLink. This campaign poses a significant security risk for traders and the broader crypto ecosystem, as the ultimate goal is to gain access to the internal systems of cryptocurrency companies.

According to @AltcoinGordon, the cryptocurrency market faces an imminent and catastrophic threat from quantum computing, known as 'Q-Day'. The analysis highlights the immediate danger of 'Harvest Now, Decrypt Later' attacks, where encrypted blockchain data is currently being stolen for future decryption by quantum computers, a risk emphasized by IBM Quantum's Jay Gambetta. For traders, this presents a significant long-term risk to asset security. BlackRock has officially recognized this by adding quantum computing as a critical risk in its Bitcoin (BTC) ETF filing. Furthermore, researchers warn that approximately 4 million BTC, or 25% of the usable supply, could be stolen once quantum computers can break current encryption. The risk extends to Ethereum (ETH), for which co-founder Vitalik Buterin has already proposed emergency hard-fork solutions to migrate to a quantum-resistant chain. The analysis also points to the severe market disruption a necessary upgrade would cause, with researchers at the University of Kent estimating a potential 75-day downtime for the Bitcoin network to implement post-quantum cryptography.

According to @phantom, traders should be on high alert as major crypto platforms are being targeted by sophisticated exploits, while total losses from hacks and scams have surged. A prominent crypto media website, Cointelegraph, was recently compromised with a front-end exploit that displayed a fake airdrop pop-up designed to drain user wallets, an attack method also seen on CoinMarketCap just days prior. This trend of hijacking trusted sites poses a significant risk to investors. A new report from CertiK quantifies the financial damage, revealing that over $2.47 billion was stolen in the first half of 2025, already exceeding the total for all of the previous year. The report highlights that wallet compromises were the primary attack vector, accounting for $1.7 billion in losses, while phishing attacks stole another $410 million. Ethereum (ETH) was the most targeted blockchain, with $1.5 billion lost across 164 incidents. Amid these security concerns, Bitcoin (BTC) is trading at approximately $108,091, while Ethereum (ETH) is priced around $2,506, underscoring the persistent security risks that traders must navigate.

According to @QCompounding, the cryptocurrency market faces an imminent existential threat from quantum computing, termed 'Q-Day,' which could render current encryption methods for assets like Bitcoin (BTC) and Ethereum (ETH) obsolete. The analysis highlights a warning from researchers that 4 million BTC, or about 25% of the usable supply, are vulnerable to theft once quantum computers become sufficiently powerful. This risk is amplified by 'Harvest Now, Decrypt Later' attacks, where encrypted data is being collected today for future decryption, a threat underscored by IBM Quantum's Jay Gambetta. Notably, BlackRock has added quantum computing as a critical risk factor in its Bitcoin ETF filing. While some experts project Q-Day is five to seven years away, sources like Tilo Kunz suggest it could arrive as soon as 2025. The proposed solution, migrating to post-quantum cryptography, presents its own trading risks, with estimates suggesting potential network downtime of 75 days for Bitcoin. In contrast, the analysis also points to the rapid growth of stablecoins, which are enabling a 'streaming economy' with near-instant, low-cost payments on Ethereum Layer 2 networks, potentially freeing up trillions in capital for investment. For traders, this presents a dual narrative: a catastrophic security risk versus a revolutionary shift in financial infrastructure.

According to @NFT5lut, the cryptocurrency market faces a dual crisis: an imminent security threat from quantum computing and a structural rot from venture capital models that promote 'Ponzi-like' schemes. The quantum threat, dubbed 'Q-Day,' is already in motion through 'Harvest Now, Decrypt Later' attacks, where encrypted data is being stored for future decryption by quantum computers, a risk highlighted by IBM Quantum's Jay Gambetta. This concern is echoed in BlackRock's Bitcoin ETF filing, which warns that quantum advances could undermine the cryptographic algorithms of assets like Bitcoin (BTC). Researchers estimate that 4 million BTC are vulnerable, and Ethereum co-founder Vitalik Buterin has already proposed emergency hard-fork solutions for ETH, which could involve significant downtime. A study from the University of Kent suggests a transition to post-quantum cryptography could take 75 days for Bitcoin. Simultaneously, the author argues that the Web3 ecosystem is being strangled by VC funding that prioritizes rapid token exits over sustainable product development. Citing Crunchbase data on declining venture financing, the analysis points to a model that creates 'zombie protocols' and invites regulatory scrutiny, as seen in recent SEC fraud cases and lengthy prison sentences for crypto fraudsters. This comes as the market shows signs of weakness, with provided data indicating Bitcoin (BTCUSDT) is down 1.98% and Ethereum (ETHUSDT) has fallen 3.96% in the last 24 hours, underscoring the fragility of a market facing both technological and structural headwinds.

According to @timnitGebru, the cryptocurrency sector faces significant security and regulatory pressures. A North Korean hacking group, Famous Chollima, is actively targeting crypto professionals with malware hidden in fake job applications impersonating firms like Coinbase and Uniswap, as reported by Cisco Talos. This Python-based malware, PylangGhost, is designed to steal credentials and wallet data from over 80 extensions, including MetaMask and Phantom, creating a direct threat to user assets. Concurrently, the U.S. Department of Justice has seized $225 million in crypto linked to 'pig butchering' scams. Former U.S. Attorney Phil Selden described this as a 'tone-setting case' demonstrating the DOJ's commitment to protecting victims and recovering funds, even before arrests are made. These developments unfold as major assets like Ethereum (ETH), priced around $2,549, and Chainlink (LINK), at $13.32, experience downward price pressure, highlighting market sensitivity to security breaches and enforcement actions.