menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Bitcoin News

>

GMX Hit by...
source image

Bitcoinsensus

5d

read

159

img
dot

Image Credit: Bitcoinsensus

GMX Hit by $42M Exploit—Cross-Chain Hack Unfolds

  • GMX has reportedly been exploited for over $42 million in crypto assets.
  • The attacker is moving funds from Arbitrum to Ethereum to obscure the trail.
  • No official statement yet from GMX; user impact and platform response remain unclear.
  • The exploit on GMX involved transferring funds to Ethereum, with at least $9.6 million successfully bridged and exchanged into DAI and ETH. The incident raises concerns about security measures and potential compensations for affected users.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app