Blockchain security company SlowMist attributed the exploit to a design flaw that allowed hackers to manipulate the GLP token price through the calculation of the total assets under management.
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GMX halts trading, token minting following $40M exploit
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SlowMist, a Blockchain security company, mentioned that the exploit which led to a $42 million loss on GMX V1 was caused by a design flaw in how the protocol calculated the GLP token price and total assets under management.
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