CRYPTO:GMXUSD

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At Close: Jun 22, 2026

GMX hacker starts returning the stolen funds

06:18am, Friday, 11'th Jul 2025
The GMX hacker started returning ETH and other tokens. The hacker swapped $32M in tokens into ETH, making over $3M in net gains after the recent ETH rally above $3,000.
The hacker exploited GMX's V1 GLP liquidity pool on Arbitrum this Wednesday, draining over $40 million in various cryptocurrencies.
Hacker returns 5.49 million FRAX to GMX post exploitation incident.

GMX Hacker Converts Stolen Loot into 11,700 ETH

06:15pm, Thursday, 10'th Jul 2025
A re-entrancy exploit let the GMX hacker manipulate GLP token prices, leading to $42M in losses now mostly converted to ETH.
Decentralized derivatives exchange GMX has confirmed a $42 million exploit targeting its GMX V1 GLP pool on Arbitrum, prompting a temporary shutdown of trading and a white-hat bounty offer to the atta
GMX faces a $40M loss from a V1 exploit, adding to 2025's growing crypto attack trend.

GMX Hacked for $42M in GLP Pool Exploit

05:02am, Thursday, 10'th Jul 2025
This popular decentralized trading protocol was exploited for over $42 million. This was after a hacker manipulated the GLP pool.
GMX's first-generation decentralized exchange (DEX) was forced to suspend trading on July 9 after it suffered a security breach that resulted in the loss of around $40 million worth of cryptocurrency.

GMX Exploit Results in $42 Million Theft

02:00am, Thursday, 10'th Jul 2025
GMX platform exploited, causes major financial impact and user concern.
The GMX crypto token nosedived on July 9 after the popular perpetual exchange on Avalanche and Arbitrum was hacked. GMX (GMX) token plunged to a low of $10.20, its lowest level since April 7.
Despite layers of scrutiny, GMX's V1 GLP pool was hacked for over $40 million in a brazen exploit.
Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX).
TL;DR An attacker drained $42 million from GMX V1's GLP liquidity pool on Arbitrum, forcing the suspension of operations on that version and on Avalanche. The exploit affected only V1; V2 and its mark
GMX has offered the attacker a 10% "white-hat" bounty after some $40 million worth of assets were swiped from the crypto protocol.
The exploit of the GMX V1 decentralized exchange is the latest in a string of attacks targeting crypto firms and users in 2025.
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