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 @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million in various cryptocurrencies. 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 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 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 significant losses from crypto hacks, which a CertiK report stated amounted to $2.5 billion in the first half of 2025. For traders, this exploit on a major Arbitrum-based DEX could impact sentiment around DeFi security, the GMX token, and the broader Arbitrum ecosystem.

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.