Summary
- GMX reported that although there was a hacking loss of about $42 million, the damage is limited.
- A swift investigation and restoration are underway, and the impact is restricted to GMX V1 and the GLP pool with no effect on GMX V2 or GMX tokens.
- South Korean exchange Bithumb has issued a warning and suspended deposits and withdrawals.
The decentralized derivatives trading protocol GMX, which reportedly suffered a hacking loss of approximately $42 million, stated that the damage is limited and that a prompt investigation is underway.
On the 9th (local time), GMX announced via X (formerly Twitter): "Approximately $40 million worth of tokens were transferred to an unknown wallet from the Arbitrum (ARB)-based 'GMX V1 GLP pool'." They added, "We are currently conducting a prompt investigation to identify the root cause and restore normal operations." Additionally, "To prevent further damage, 'GMX V1' trading and 'GLP minting/redemptions' have been disabled on both Arbitrum and Avalanche (AVAX)."
However, they emphasized that the damage remains limited. GMX said, "According to our current findings, the impact of this hacking incident is limited to 'GMX V1' and the corresponding 'GLP pool'," and "GMX V2 and GMX tokens are not affected."
Meanwhile, South Korean crypto exchange Bithumb urged users to exercise caution regarding GMX and has suspended deposits and withdrawals.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
