🚨 BREAKING: GMX V1 Hit by $40 Million Exploit on Arbitrum
GMX has confirmed a $40M exploit on its V1 platform (Arbitrum) caused by a reentrancy bug in the OrderBook contract.
🔻 Attackers manipulated BTC short prices → inflated GLP arbitrage profits.
🛡️ Key Actions:
• GLP minting & redemption paused
• Avalanche transactions suspended
• Compensation pool in the works
• V2 remains unaffected
⚠️ GMX warns all V1 forks: patch vulnerabilities immediately.
#GMX #Arbitrum #DeFiSecurity #CryptoExploit #BlockchainSecurity