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A hacker who stole $42 million from GMX has returned most of the funds, keeping a $5 million bounty. The exploit was caused by a re-entrancy attack on GMX’s V1 smart contract. GMX’s V2 protocol remains unaffected, and its token has rebounded.
- The hacker exploited a re-entrancy vulnerability in GMX's V1 smart contract, stealing $42 million in crypto assets.
- GMX offered a 10% white hat bounty, leading to the return of $40.5 million, with the hacker keeping $4.5 million.
- GMX's V2 protocol was unaffected, and its native token rebounded by over 13% after the incident.
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