- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
SlowMist: The core reason for the GMX attack is that the global short average price of GMX v1 can be manipulated, causing the GLP price to be maliciously inflated for arbitrage.
BlockBeats News, July 10th, Slowmist CISO @im23pds tweeted that "The root cause of the GMX attack is that GMX v1 immediately updates the global short position average price when handling short positions. This global average price directly affects the calculation of the total asset under management (AUM), leading to the manipulation of the GLP token price.
The attacker exploited this design flaw by using a Keeper to enable the timelock.enableLeverage feature when executing orders (a necessary condition to create a large short position). Through reentrancy, they successfully created a large short position to manipulate the global average price, artificially raising the GLP price in a single transaction and profiting through redemption.
You may also like
BSC’s USD1 Pool Meme Coin ‘An’ Sees Significant Surge
Key Takeaways The BSC chain’s USD1 pool meme coin ‘An’ experienced a notable market cap surge, exceeding $47.92…
Price Alert Feature Is Now Live
Stay Informed of Key Market Movements with our new Price Alert feature!
Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
Tether Freezes $182 Million in Assets in One Day, Is USDT Still a Neutral Coin?
Error Prevented Content Extraction: Causes and Solutions
Key Takeaways Excessive requests can result in blocked access to data sources. Ensuring adherence to API usage policies…
80% of oil income settled in stablecoins, Venezuela makes USDT its second currency
New Drag-to-Set TP/SL Candlestick Chart Feature on Web
Make risk management more intuitive and efficient! The WEEX web platform is introducing the "Drag-to-set TP/SL" feature.
zkSync Price Forecast – ZK Value Anticipated to Decline to $0.026629 by January 15, 2026
Key Takeaways zkSync’s current price is $0.034635, with an anticipated drop to $0.026629 by mid-January 2026. The crypto…
South Korea to Lift Longstanding Ban on Corporate Crypto Investments
Key Takeaways South Korea is lifting a nine-year ban on corporate cryptocurrency investments, allowing firms to invest up…
Coinbase May Withdraw Support for CLARITY Act Amid Stablecoin Rewards Ban Debate
Key Takeaways Potential Withdrawal: Coinbase is considering withdrawing support for the CLARITY Act if it restricts stablecoin rewards.…
Vietnam Sets Mid-January Timeline for Pilot Crypto Exchange Approvals
Key Takeaways Vietnam aims to regulate its growing cryptocurrency market by licensing pilot digital asset exchanges under a…
Pentagon Pizza Index Soars 1250%: Who Will Be the Next Venezuela?
Predicting Contrarian Buy Pressure in the Market: Who is Taking the Other Side of Your Trade?
$250 Billion, 6723 Rounds of Funding: Where Did Crypto VCs Invest in 2025?
Nike Sells its NFT and Virtual Sneakers Amid Waning Interest in Digital Art
Key Takeaways Nike has discreetly sold its NFT and virtual sneakers subsidiary, RTFKT, as interest in digital collectibles…
Karatage Welcomes Shane O’Callaghan as Senior Partner in Strategic Move
Key Takeaways Karatage, a London-based hedge fund, appoints Shane O’Callaghan as a senior partner to enhance its institutional…
BSC’s USD1 Pool Meme Coin ‘An’ Sees Significant Surge
Key Takeaways The BSC chain’s USD1 pool meme coin ‘An’ experienced a notable market cap surge, exceeding $47.92…
Price Alert Feature Is Now Live
Stay Informed of Key Market Movements with our new Price Alert feature!
Tether Freezes $182 Million in Assets in a Day: Is USDT Still a Neutral Coin?
Key Takeaways Tether recently froze $182 million in USDT across five wallets on the Tron blockchain, raising questions…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
App