Tag: gmx token

GMX DeFi Exploit: $40M Theft Highlights Ongoing Security Illusions in Decentralized Finance

July 12, 2025

Cryptocurrencies

The latest GMX DeFi exploit has once again exposed the fragile security of decentralized finance (DeFi).Hackers stole approximately $40 million from GMX, highlighting how even popular platforms remain vulnerable. How the GMX DeFi Exploit Unfolded The incident occurred on GMX V1, a decentralized crypto exchange operating on the Arbitrum blockchain.The attacker exploited a flaw in…