Wednesday, July 30, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

by SB Crypto Guru News
July 9, 2025
in Altcoin
Reading Time: 2 mins read
0 0
A A
0


Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX).

Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum (ETH) network from Arbitrum (ARB).

“GMX has been exploited for ~$42 million. The exploiter has bridged ~$9.6 million worth of cryptos to Ethereum.”

GMX confirmed the hack on its own X account, saying that its Arbitrum-based liquidity pool was drained of $40 million, which was immediately sent to an unknown wallet.

“The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40 million in tokens has been transferred from the GLP pool to an unknown wallet…

Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche to prevent any further attack vectors and protect users from additional negative impacts.”

GMX says that the matter is still under investigation but that the hack’s impact was limited to GMX V1. GMX V2, its markets and liquidity pools, as well as the GMX token itself, are reportedly uncompromised.

The price of GMX dipped from its weekly high of $14.44 earlier today down to $10.77 at time of writing, a decrease of over 22% during the last 24 hours.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/pedrosek



Source link

Tags: Bitcoin NewsCryptoCrypto NewsCrypto UpdatesDecentralizedDrainexchangeFundsGMXhackersLatest News on CryptoperpsReportSB Crypto Guru NewsSendsUnknownWallet
Previous Post

Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated

Next Post

The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

Related Posts

No Charges for .9M Token Transfer, Rules German Court

No Charges for $2.9M Token Transfer, Rules German Court

by SB Crypto Guru News
July 30, 2025
0

Enjoyed this article? Share it with your friends! A German man accused of taking $2.9 million (€2.5 million) worth of...

‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan

‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan

by SB Crypto Guru News
July 30, 2025
0

The chief investment officer of crypto asset management firm Bitwise, Matt Hougan, says traditional finance (TradFi) companies are on the...

Coinbase Sparks Altcoin Rallies After Placing Two Projects on Crypto Exchange’s Listing Roadmap

Coinbase Sparks Altcoin Rallies After Placing Two Projects on Crypto Exchange’s Listing Roadmap

by SB Crypto Guru News
July 29, 2025
0

Coinbase has added two altcoins to its listing roadmap, sparking rallies for the projects’ digital assets. The exchange announced Bio...

Google’s AI Mode Changes the Search Game in the UK

Google’s AI Mode Changes the Search Game in the UK

by SB Crypto Guru News
July 29, 2025
0

Enjoyed this article? Share it with your friends! Google has introduced a new feature in the United Kingdom that changes...

Crypto Products Break Record As ,200,000,000 of Monthly Inflows Hit Institutional Markets: CoinShares

Crypto Products Break Record As $11,200,000,000 of Monthly Inflows Hit Institutional Markets: CoinShares

by SB Crypto Guru News
July 28, 2025
0

Leading digital asset investment firm CoinShares says that institutional inflows into crypto products have set new monthly highs in July....

Load More
Next Post
The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

The Graph Brings Real Time Data Streaming to TRON, Providing Builders With Advanced Blockchain Insights

Building Trust in Global Payments: 7 Questions with LiquidTrust Founder and CEO Saujin Yi

Building Trust in Global Payments: 7 Questions with LiquidTrust Founder and CEO Saujin Yi

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.