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🚨 $40M Heist: GMX Crypto Exchange Loses Bitcoin & Ethereum in Brazen Exploit
🚨 $40M Heist: GMX Crypto Exchange Loses Bitcoin & Ethereum in Brazen Exploit
Another day, another crypto hack—except this time, it’s GMX in the hot seat. The decentralized exchange got raided for $40 million in Bitcoin and Ethereum, proving once again that ‘trustless’ systems still need better armor.
How’d it happen? The exploit leveraged a pricing oracle loophole, allowing the attacker to siphon funds faster than a Wall Street exec cashing out bonus checks. GMX’s team confirmed the breach but stayed vague on details—classic ‘investigation ongoing’ mode.
DeFi’s dirty secret? The more complex the protocol, the juicier the attack surface. GMX isn’t the first, and it won’t be the last. Meanwhile, traders are left holding the bag while the hacker vanishes into the blockchain abyss. Stay paranoid out there.
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https://decrypt.co/329363/crypto-exchange-gmx-drained-bitcoin-ethereum-40-million-exploit
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