4 hours ago
Decentralized perpetual speech GMX has been exploited with implicit $42 cardinal worthy of crypto being stolen, according to blockchain information steadfast PeckShield.
So far, $9.6 cardinal worthy of the funds person been bridged implicit to the Ethereum blockchain, which has go a earthy way for hackers who past launder funds done token mixing protocol Tornado Cash.
The remainder of the $32 cardinal remains connected Abritrum, a layer-2 web that hosts the GMX exchange.
More than $10 cardinal worthy of bequest frax dollar was stolen arsenic good arsenic $9.6 cardinal of wrapped btc (wBTC) and $5 cardinal of the dai stablecoin.
GMX developers responded to the hacker, signing a connection on-chain that read: "We privation to connection a 10% white-hat bounty for the instrumentality of the exploited funds."
A white-hat bounty is offered to ethical hackers who find vulnerabilities successful protocols and successful instrumentality person a bounty.
The exploit is different blight connected a cryptocurrency manufacture that saw investors suffer $2.5 cardinal to hacks and scams successful the archetypal fractional of 2025, according to a CertiK report.
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