🚨 BREAKING: $GMX HACKED FOR $40 MILLION! 🚨
Another major blow to DeFi security!
The on-chain perpetuals exchange GMX has reportedly suffered a $40 million exploit 😱. Initial reports suggest the attacker manipulated smart contract vulnerabilities to drain funds from the protocol.
🧠 $GMX is a popular decentralized trading platform for perpetuals, with a strong community and TVL—this exploit is shaking trust across DeFi.
📉 Expect short-term fear and volatility in related tokens and DeFi platforms. Always use caution in these situations!
🔐 This is a harsh reminder to: — Stay updated on security risks
— Use cold wallets for long-term holdings
— Never go all-in on unverified protocols
👉 More details to come as the post-mortem unfolds. For now, be alert, especially if you hold GMX or are exposed to the Arbitrum ecosystem.
