The Truth Behind the Sudden Crash of $GMX Last Night: Hackers Exploited the Oracle's Vulnerability!
Last night, GMX suddenly plummeted, and the truth behind it is that hackers played a trick:
The hackers discovered a vulnerability in the pricing mechanism of GMX using Chainlink oracles, placed a massive short position first, instantly driving up the GLP price, and took advantage of the inflated price to cash out quickly, all in less than 10 minutes.
Why did it drop so hard?
After the GLP price was manipulated, it triggered a massive liquidation of leveraged positions, causing retail investors to panic sell in response to the crash, creating a cascading effect.
After seeing this news last night, I immediately notified my followers to enter short positions, going in and out, capturing three or four waves, timely seizing each market movement. While you were sleeping, I was helping my followers make profits.
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