According to blockchain analysts, the exploit involved manipulating the protocol’s leverage mechanism to mint excessive GLP tokens without proper collateral.
Quote
Sources
Crypto hackers lift $42m from GMX’s Arbitrum liquidity pool in broad daylight
Referenced by
The GMX V1 exploit was executed through a logic flaw in the V1 leverage mechanism that allowed minting of GLP tokens without sufficient collateral.
Crypto news
Claim
