$GMX Hit by $42M Hack

Token Dumps 20% in Hours

On July 9, 2025, GMX lost $42M to a GLP pool exploit on Arbitrum. Price crashed from $14.42 → $10.30, shaking DeFi faith. V1 trading paused, attacker’s wallet found — GMX offers a $4.2M bounty for safe return.

#GMX/USDT V2 not affected — long-term users watching recovery moves.

Expect high volatility, quick bounces, and possible gaps — trade carefully.

This is a big reminder: Security audits matter.

Stay alert