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$42M GMX Exchange Explosion Sparks DeFi Market Tremors—Is Your Portfolio Next?
$42M GMX Exchange Explosion Sparks DeFi Market Tremors—Is Your Portfolio Next?
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DeFi's resilience gets a brutal stress test as GMX bleeds $42M in a single exploit. Traders scramble while the usual 'code is law' platitudes ring hollow.
The breach—GMX's second major incident in 18 months—exposes the thin line between cutting-edge yield and uninsured vaporization. Whitehats circle the drained contracts, but the damage echoes across leveraged positions.
Meanwhile, CEX lobbyists sharpen their 'we-told-you-so' knives. The irony? This hack could've been prevented with the same boring compliance tech banks use to track $20 coffee purchases.
GMX exchange hack: $42 million gone in a flashIn a shocking incident, popular decentralized trading platform has reportedly become the latest victim of a major breach. The GMX e... Read More
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