<ul data-eligibleForWebStory="false"><li>A hacker stole $42 million in a GMX hack by exploiting GMX's GLP pool and conducting complex token swaps and cross-chain transactions to conceal the stolen funds.</li><li>GMX tried to negotiate with the hacker on-chain, offering to return 90% of the funds and keep 10% as a 'white-hat' reward, equivalent to around $4.2 million.</li><li>Despite the negotiation attempt, the hacker has not responded, and the address associated with the breach still holds close to $44 million in stolen funds.</li><li>The incident has raised concerns about protocol-level security in decentralized finance, prompting GMX to conduct a post-mortem analysis on the breach.</li></ul>

$42M Stolen in GMX Hack, Hacker Offered Bounty

Discover more