An unidentified exploiter has capitalized on GMX’s “zero impact price” and “minimal spread” features to pull off a $565,000 exploit, which has affected GMX liquidity suppliers who provided AVAX/USD in exchange for GLP.
Decentralized exchange GMX has reportedly suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market.
GMX confirmed the price manipulation exploit in a Sept. 18 post on Twitter, but stated that the AVAX/USD market would remain open despite imposing a $2 million cap on long positions and $1 million cap on short positions.
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