Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
The GMX hacker leaves an on-chain message stating that the funds will be returned

The GMX hacker leaves an on-chain message stating that the funds will be returned

ForesightNews2025/07/11 08:57
BTC-0.41%ARB+2.86%GMX+1.30%

Foresight News reports that the GMX hacker has left a message on-chain stating that the funds will be returned. "ok, funds will be returned later."


According to previous Foresight News coverage, GMX disclosed the cause and subsequent measures regarding the approximately $40 million attack on GMX V1 on the Arbitrum chain on July 9. After analysis by the security team, it was determined that the attack stemmed from a reentrancy vulnerability in the OrderBook contract. The hacker exploited this vulnerability to manipulate the average price of BTC short positions, significantly driving up the price of GLP and profiting from the arbitrage.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Aave has repurchased over 100,000 tokens at an average price of $239.25.
2
Standard Chartered: If U.S. economic momentum continues, further rate cuts in 2026 may be difficult to achieve

Crypto prices

More
Bitcoin
Bitcoin
BTC
$114,761.81
+0.85%
Ethereum
Ethereum
ETH
$4,138.62
+1.62%
Tether USDt
Tether USDt
USDT
$1
+0.02%
BNB
BNB
BNB
$1,279
-0.09%
XRP
XRP
XRP
$2.58
+3.39%
Solana
Solana
SOL
$197.21
+1.86%
USDC
USDC
USDC
$0.9999
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2100
+1.37%
TRON
TRON
TRX
$0.3210
-0.62%
Cardano
Cardano
ADA
$0.7128
+3.92%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter