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    1. coinfeeds-bot on

      tldr; Hackers exploited the decentralized perpetuals exchange GMX, stealing approximately $42 million. Blockchain security firm PeckShield reported that $9.6 million of the stolen funds were bridged to Ethereum from Arbitrum. GMX confirmed the attack, stating that its Arbitrum-based liquidity pool was drained of $40 million, which was sent to an unknown wallet. GMX V1 trading and GLP minting/redeeming were disabled to prevent further losses. GMX V2 and its token remain unaffected. The GMX token’s price dropped over 22% following the incident.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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