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A hacker who stole $42 million from GMX has returned the funds in exchange for a $5 million bounty. The incident involved a re-entrancy attack on GMX’s Arbitrum-based liquidity pool. GMX’s token surged 18.4% following the news.
- Hacker exploited a re-entrancy attack on GMX's V1 liquidity pool, stealing $42M before returning funds for a $5M bounty.
- GMX confirmed the exploit was isolated to V1, with V2 markets and native assets remaining unaffected.
- GMX's token price surged 18.4% to $13.36 after the funds were secured and the bounty resolved.
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