GMX suffers $42M smart contract exploit

News story


Description

GMX, a leading decentralized perpetual exchange, was exploited for $42 million due to a logic flaw in its V1 leverage mechanism.

Maintainers

CptMoh

Publish date

July 9, 2025

Related projects

GMX
Quantstamp

Related topics

Ethics

Sources

BREAKING: GMX Hacked for $42M in Cross-Chain Exploit
Crypto hackers lift $42m from GMX’s Arbitrum liquidity pool in broad daylight
Hacker drains $42 million from decentralized perpetual exchange GMX
GMX halts trading, token minting following $40M exploit

Tags

07/09/2025
Week 28 of 2025