A large security incident found the decentralized Exchange GMX, which transferred around $ 42 million from his arbitrum-based V1 Perpetual platform.
In response, GMX sent an on-chain message to the hacker that offers a premium of 10% Witte Hat.
The platform stated that no legal action will be pursued if the remaining funds are returned within 48 hours. This movement reflects common claims control tactics used by Defi protocols that are confronted with large exploits.
After the attack, the token of the platform fell by 17% to a lowest point in two months of $ 11.7 from the press.
GMX was launched in 2021 and is available in large blockchain networks, including Solana, Avalanche and Arbitrum.
According to official statistics, the platform has processed more than $ 305 billion in trade volume and collected more than $ 435 million in reimbursements.
The exploit
On July 9 Blockchain security company Cyvers reported That the exploit comes from a malignant smart contract that is used by an address financed by Tornado Cash, a privacy tool -based privacy tool that is often used to cover transactions.
According to Wyvers, the attacker focused on a series of assets, including ETH, USDC, FSGLP, DAI, Uni, Frax, USDT, Weth and Link.
Blockchain data shows that approximately $ 9.6 million has already been bridged to the maintje of Ethereum, while the remaining funds on the Arbitrum network remain.
Chain analysts noted That the attacker carried out the hack by mood GLP tokens and exchanging them for high-quality digital assets, which were later converted into ETH.
Circle
In the meantime, security experts Circle, the issuent of USDC, have criticized because of his slow response to the incident.
Crypto analyst Ultra noted That the exploor had $ 30 million in USDC at one point and continued to exchange other tokens in the Stablecoin without being on the blacklist. Even an hour after the attack, $ 4.3 million in USDC remained untouched in the wallet of the exploor.
The attacker has since moved the USDC to DAI, a decentralized stablecoin on Ethereum.
This complaint reflects similar issues prominent researcher Zachxbt has discussed the recurring delays of Circle in freezing suspicious funds.
