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July 9, the decentralized exchange Gmx became the last protocol of deficient to suffer a major exploitation, with more than $ 42 million in the digital assets are talking about their turn.
Sicondu e dati da a debranca, a viagghjà implica un suspicitivu Un susppisu di fondi À un unicu indirizzu Pilletru: 0xdf33655565F8258565C92528565C95285121.
The stolen funds were broken by arbitrum-a layer layer to ethirts, a tactic often used by the exploitators or launch.
At a surprising, blockchain, an attack of the analytics that agreed that the attacker has agreed to a white hat, opting tract to return the funds for a $ 5 million exchange.
The one’s #Gmx Hacker chosen to return the 42m assets stolen for a $ 5 white bug
Currently, $ 10.49m $ Frax has been returned.
Another $ 32 mix were exchanged in 11,700 $ Eththat is time of $ 35 million of a ~ $ 3M.
The hacking you will return all 11,700 … pic.twitter.com/xjblak81mf
– Lookonchain (@lokonchain) July 11th 2025
The mood of the white hat in deficiers when the exploits are willing to the funds in the good funds, often after reveal critical vulnerabilities. This approach is looking to avoid prolonged investigations and reputational damage while recovering the assets for affected users.
Partial returns and a profitable referee
According to the weathonchain analysis, the hack is already returned to $ 10.49 million stable frax. However, the rest of $ 32 million was not simply held in 11,700 ETH and now is worth $ 35 million $ 3 for the price appreciation
The movement is of the debate of the debate if the attacker has to return the full 11,700 or simply back $ 32 million and maintain the additional gain. As one, the hack is yet to confirm their public intentions.
The incident is to rise to how the white agreements are forced and if the attacks may have the profits protected of the profits to the post-hazardous. While looking for the return of most positive net as a positive net, other sustainuss who stole with millions in enjoying white model comfort.
Deviates safety and ethics of exploitation
The incidental incompancial challenges in the security finance in particularly, especially in relation to a large Asset Asset and crack functionality.
The hour, GMX has not confirmed if a formal-ice-hat agreement has been set before partial return of funds.
The situation remains to the observation, with the result likely to influence the most amarment discussions around the role of white arrangements and ethical boundaries.
GMX confirms 42m flattened rooted in Bug Re-Entrancy
In its Post of children GMX confirms that the exploitation of $ 42 million has been caused by a vulnerability of entrance in their v1 contracts. Although the affected feature has been protected by non-real modifier, apply the same contractor, allowing the bcking and handcraft shorter for the average btc contract of BTC.
– gmx
(@Gmx_io) July 10th 2025
Explicate this fighting, the attacker has artificially showed and profitable tokens by inflated glps after opening a large position using a flash loan.
The vulnerability was attached to GMX V1 Treatment Commences GMX V1, a structure that separate, a structure and recupations now occur to avoid such a risks such a risks.
In response, gmx paused trading, swallowed with security and security security partners, and initiated directed in the scale of explorer.
Minting and redemption of glp on arbitrum has temporarily disabled the protocol and the user’s rebate process.
GMX confirmed that glp minting on avalanche is also paused, even the redemptions remain active. V1 positions will be injured and migrate to a refund pool for affected users, and all the remaining orders V1 should be canceled.
Gmx also issued to all forkers v1, regarding immediately immediately and audiences and security audits to avoid similar vulnerability.
The post GMX HACKER STRIKES WATER-HAT-HAT: 42M Heist turn $ 3M Profit after $ 5m Bounty it first appeared Criponews. I am
