"GMX, $42 million abnormal withdrawal...Possible hacking incident"

Son Min

Summary

Wu Blockchain announced that an abnormal outflow of funds amounting to $42 million occurred on GMX.
Due to the possibility of hacking, an investigation is underway, and the stolen funds are reportedly being bridged from Arbitrum (ARB) to Ethereum (ETH).
The GMX Foundation has not provided any statement so far.

There are concerns that the decentralized derivatives trading protocol GMX may have been hacked.

On the 9th (local time), Wu Blockchain reported on X (formerly Twitter) that "an abnormal outflow of funds amounting to $42 million occurred on GMX", adding, "an investigation is in progress due to the possibility of hacking." Currently, the funds in question are reportedly being bridged from Arbitrum (ARB) to Ethereum (ETH).

However, as of now, the GMX Foundation has not issued any official statement.

GMX