đ¨ $40M Heist: GMX Crypto Exchange Loses Bitcoin & Ethereum in Brazen Exploit
Another day, another crypto hackâexcept this time, itâs GMX in the hot seat. The decentralized exchange got raided for $40 million in Bitcoin and Ethereum, proving once again that âtrustlessâ systems still need better armor.
Howâd it happen? The exploit leveraged a pricing oracle loophole, allowing the attacker to siphon funds faster than a Wall Street exec cashing out bonus checks. GMXâs team confirmed the breach but stayed vague on detailsâclassic âinvestigation ongoingâ mode.
DeFiâs dirty secret? The more complex the protocol, the juicier the attack surface. GMX isnât the first, and it wonât be the last. Meanwhile, traders are left holding the bag while the hacker vanishes into the blockchain abyss. Stay paranoid out there.
