tldr; A hacker exploited a flaw in GMX’s codebase, stealing over $40 million in cryptocurrency. After GMX offered a 10% white-hat bounty and legal immunity, the hacker returned $40.5 million, including 10,000 Ethereum, to GMX’s security committee. However, they kept $5 million and sent 1,700 Ethereum to Tornado Cash, a coin mixer flagged by U.S. authorities. The attack involved a re-entrancy exploit on GMX’s GLP pool, inflating token prices and withdrawing funds. This highlights ongoing vulnerabilities in decentralized finance systems.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MichaelAischmann on
There’s honor among thieves.
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tldr; A hacker exploited a flaw in GMX’s codebase, stealing over $40 million in cryptocurrency. After GMX offered a 10% white-hat bounty and legal immunity, the hacker returned $40.5 million, including 10,000 Ethereum, to GMX’s security committee. However, they kept $5 million and sent 1,700 Ethereum to Tornado Cash, a coin mixer flagged by U.S. authorities. The attack involved a re-entrancy exploit on GMX’s GLP pool, inflating token prices and withdrawing funds. This highlights ongoing vulnerabilities in decentralized finance systems.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
There’s honor among thieves.