GMX: The $40 million attack originated from a reentrancy vulnerability in the OrderBook contract.

PANews July 10 news, GMX official disclosed the reasons and subsequent measures for the approximately $40 million attack on GMX V1 on the Arbitrum chain on July 9. According to the security team's analysis, the attack originated from a reentrancy vulnerability in the OrderBook contract, where the hacker manipulated the average price of BTC short positions, significantly raising the price of GLP and executing arbitrage. The official has suspended related transactions on the Avalanche chain, confirmed that the V2 version is unaffected, and will take measures such as disabling GLP minting and redemption, and establishing a compensation pool. GMX reminds V1 fork projects to promptly fix similar risks.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)