GMX on 9th July 2025 was hit by a $40–42M exploit targeting its V1 platform and GLP liquidity pool.

Stolen assets included $10M in $BTC, $10M in $USDC, $8.5M in $ETH, $1M in $USDT

The team offered a 10% white-hat bounty for the return of 90% of funds within 48 hours, promising no legal action.

The GMX token went down 13% to $12.11

The exploit highlights DeFi vulnerabilities, sparking calls for better audits. No recovery updates yet; the attacker swapped assets for 11.7K ETH

#BTCBreaksATH #TrendTradingStrategy #BinanceTurns8 #TrumpTariffs