Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Anthony Scaramucci Predicts Bitcoin Surge by 2025

    BlackRock Bitcoin ETF Reaches $80 Billion In Record Time

    BlackRock Bitcoin ETF Reaches $80 Billion AUM Milestone

    Crypto Shorts Liquidated Amid Bitcoin, Ethereum Surge

    Bitcoin Overtakes Amazon as Fifth Largest Global Asset

    Bitcoin Surpasses Amazon as Fifth Largest Global Asset

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Arthur Hayes Predicts Altcoin Surge Amid BTC Rally

    Arthur Hayes Predicts Monster Altcoin Rally

    Ethereum Announces zkEVM Roadmap as ETH Surpasses $3000

    FTX Unstakes $31M in Solana Amid Market Volatility

    Gates Group to Tokenize $75M Tokyo Real Estate on Oasys

    Pump.fun Acquires Kolscan for Upcoming ICO

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

GMX Exploit Leads to $42M Loss, Investigation Underway

Solomon M. by Solomon M.
July 11, 2025
in Latest News
Key Takeaways:
  • Major exploit on GMX results in $42 million loss.
  • Core contributors are investigating attack methods.
  • Platform features disabled to prevent further losses.
gmx-exploit-42-million-loss-and-its-implications
GMX Exploit: $42 Million Loss and Its Implications

The recent exploit on GMX impacts users and the security perception of the decentralized finance ecosystem. It underscores vulnerabilities within these platforms, influencing investor sentiment and prompting rigorous investigations.

The Attack Overview and Ongoing Investigations

The attack targeted the GLP pool of GMX V1 on Arbitrum, initiating a loss of $40 million in tokens. To prevent further damage, trading and minting operations were disabled, with an ongoing investigation to uncover vulnerabilities. Core contributors are seeking to understand the attack vector while offering a 10% bounty for a safe return of funds.

“The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40 million in tokens has been transferred from the GLP pool to an unknown wallet… Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche…”

This significant loss involved multiple assets, including USDC, ETH, and others, partially bridged to Ethereum.

Market and Regulatory Implications

The hack affected financial markets, causing GMX token prices to drop by 28%. The exploit reflects broader challenges in DeFi security, with GMX previously experiencing breaches with severe financial implications.

Regulatory focus on decentralized platforms may intensify post-exploit, impacting project oversight. Historical patterns suggest enhanced security and policy responses following such events, drawing attention to DeFi’s evolving risk management.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

GMX Suffers $42 Million Exploit on Arbitrum

Next Post

GMX Exploit Leads to $42M Crypto Theft

Solomon M.

Solomon M.

Related Posts

Coinbase Challenges Oregon’s Crypto Policy Shift in Court

by Solomon M.
July 11, 2025

Coinbase sues Oregon officials over crypto policy reversal, highlighting federal-regulatory concerns.

Coinbase Files Lawsuit Against Oregon for Crypto Policy Change

by Solomon M.
July 11, 2025

Coinbase lawsuits Oregon, challenges state's altering crypto regulations affecting digital asset trade.

Grayscale Challenges SEC Over ETF Conversion Halt

by Adriana M.
July 11, 2025

Grayscale contests SEC's decision to pause GDLC's ETF conversion, affecting crypto market dynamics.

SharpLink Acquires 10,000 ETH from Ethereum Foundation

by Solomon M.
July 11, 2025

SharpLink Gaming's $25.72M Ethereum acquisition boosts SBET stock and crypto market stake.

SharpLink Acquires 10,000 ETH from Ethereum Foundation

by Solomon M.
July 11, 2025

SharpLink Gaming buys $25.7M in Ethereum from Ethereum Foundation, influencing market dynamics and strategic alignments.

Zhipu Considers Hong Kong for Upcoming IPO

by Solomon M.
July 11, 2025

Chinese AI startup Zhipu signals potential Hong Kong IPO, seeking USD 300 million with backing from Alibaba and Tencent.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.