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Search results for "GMX"

Saturday

2025/07/12

The GMX project party sold 10,000 ETH 7 hours ago and exchanged it for 29,597,000 USDT, or used it to refund users.

According to ChainCatcher news and monitored by Yu Jin, the GMX Hacker returned 10,000 ETH (approximately 30 million USD) to the GMX project party yesterday. The GMX project party sold 10,000 ETH 7 hours ago, exchanging it for 29,597,000 USDT at an average selling price of 2,959 USD, likely to convert it into stablecoin for the next step of returning assets to users.

Friday

2025/07/11

13:02 DailyNews

GMX Hacker has started to transfer 1700 ETH of their holdings, with some already flowing into Tornado Cash.

Odaily News According to on-chain analyst Ai Yi (@ai9684xtpa), the GMX Hacker has begun to launder their "self-held" 1,700 ETH. Although they have returned about $40 million in FRAX and ETH in the past 3 hours, they still retain nearly $5 million in profits generated from the coin pump as a "white hat bonus." Currently, 100 ETH has been transferred to Tornado.

09:40 DailyNews

The GMX attacker has returned 3000 ETH to GMX.

According to a report from Golden Finance, PeckShield monitoring shows that the GMX attacker has returned 3000 ETH to GMX, valued at approximately 9 million US dollars.

08:56 DailyNews

The GMX Hacker has returned 10.49 million USD in FRAX, and the 32 million USD exchanged for ETH has unrealized gains of 3 million USD.

PANews, July 11 news, according to monitoring by Lookonchain, the GMX protocol previously suffered a hacker attack. The hacker has chosen to return the stolen assets of $42 million and accepted a $5 million white hat bug bounty. So far, $10.49 million in FRAX has been returned. Meanwhile, the hacker has exchanged an additional $32 million in assets for 11,700 ETH, currently valued at about $35 million, with a profit of about $3 million. It is still unclear whether the hacker will return all 11,700 ETH (worth $35 million) or sell ETH to return $32 million while keeping a profit of $3 million.

06:53 ChainCatcher

Data: May be affected by the news that "GMX Hacker claims to return stolen funds", GMX has risen over 10% during the day.

ChainCatcher news, or affected by the message "GMX Hacker says he will return the stolen funds", GMX has risen over 10% during the day, currently reported at 12.5642 dollars.

06:41 DailyNews

GMX Hacker: Funds will be refunded later.

Golden Finance reports that the GMX hacker sent a message to the GMX deployer's Address on-chain, stating that they will return the funds later. According to previous reports, on July 9, GMX stated in an on-chain message to the hacker that it acknowledged the GMXVl vulnerability and was willing to provide a 10% white hat bounty. If the remaining 90% of the funds are returned within 48 hours, it promised not to take further legal action.

01:51 ChainCatcher

Aster has launched Mining point acceleration and contract experience funds, special benefits for trading users of platforms like Hyperliquid are waiting to be claimed.

Aster has launched a Mining Points Acceleration and Contract Trial Fund event, where users participating in platforms such as Hyperliquid, Drift, and GMX can obtain a 1.1x Mining Points acceleration and 100 USDT Contract Trial Fund. Aster also announced the launch of Aster Pro mode, allowing users to earn Rh Points by trading in Aster Pro mode starting from April 10.

11:45 BlockBeatNews

GMX Community initiates the proposal of changing the income distribution model to repurchase and distribute GMX

The GMX community has initiated a proposal to suggest changing the GMX revenue distribution model from repurchasing ETH to repurchasing GMX, in order to enhance long-term value retention capabilities, optimize user experience and protocol strategic flexibility, while fully preserving real income advantages.

Thursday

2025/07/10

16:03 ChainCatcher

GMX releases a summary report on the $40 million vulnerability attack incident: GMX DAO will discuss further compensation measures.

According to ChainCatcher news and a report released by GMX, there has been a summary report on a vulnerability attack incident of approximately 40 million USD on GMX V1 on Arbitrum. The attacker directly called the increasePosition function of the Vault contract through reentrancy, bypassing the PositionRouter and PositionManager contracts (which are usually responsible for calculating the average shorting price). Through manipulation, the attacker lowered the average shorting price of BTC from $109,505.77 to $1,913.70. Using Flash Loans, the attacker bought GLP at a normal price of $1.45, opening a position of $15 million. Due to the manipulated price, the GLP price was pushed up to over $27, and the attacker redeemed G at a high price.

15:53 DailyNews

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

PANews July 10 news, GMX official disclosed the reason 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, with the hacker exploiting this vulnerability to manipulate the average price of BTC short positions, thereby significantly raising the price of GLP and engaging in Arbitrage. The official has suspended related trading 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.

12:55 DailyNews

Slow Mist Cosine: GMX-related fork projects need to avoid security risks similar to GMX v1.

Odaily News Yu Xian, the founder of Slow Fog, posted on the X platform stating that GMX-related fork projects need to pay attention to similar security risks. He mentioned that the fundamental reason for the theft of 42 million dollars from GMX last night was that GMX v1 immediately updates the global short average price (globalShortAveragePrices) when handling short positions, and this global average price will directly affect the calculation of the total asset size (AUM), thus leading to

01:29 DailyNews

GMX Hacker has converted $42.8 million of stolen funds into ETH.

A hacker stole assets in an attack on the GMX V1 pool, exchanging all assets except for FRAX for 11,700 ETH, worth approximately $32.33 million, and deposited them into 4 wallets. At the same time, the hacker still holds about 10.495 million FRAX, totaling approximately $42.8 million in assets. This move seems to reject the project party's repayment proposal.

02:07 DailyNews

GMX Solana officially launched, supporting SOL and USDC to participate in Liquidity Mining

PANews March 13 news, according to the GMX-Solana official announcement, GMX Solana has officially launched, users can now mint GLV using SOL or USDC, provide Liquidity, and earn Money Laundering in selected markets.

01:54 GNews

$GMX price fell 14% in the short term due to a certain Whale/institution dumping 267,000 GMX Gate News: According to Yu Jin monitoring, in early June, a Whale or institution purchased 302,000 GMX (USD 13.47 million) at an average price of USD 45 through six addresses, which pushed the GMX price up by 12%. Six hours ago, this Whale/institution transferred a total of 267,000 GMX (USD 8.5 million) to exchanges through four addresses for sale. This caused the GMX price to drop from USD 33 to USD 28, a decrease of 14%. This Whale/institution suffered a loss of USD 4 million on GMX. gate data shows that the price of $GMX has dropped by 2.57% in the past 24 hours, with the current price at $30.28, market cap at $297.27M, and 24-hour trading volume at $201.66K.

07:43 DailyNews

GMX launches GMXLiquidity treasury GLV

GMX launches a decentralized derivative protocol and announces the launch of GMX Liquidity Vault (GLV), an automatically rebalancing vault that provides deep liquidity for traders and higher capital efficiency for LPs. The first vault launched is GLV [WETH-USDC], which users can purchase using ETH, USDC, or 7 other underlying GM Tokens.

15:53 BlockBeatNews

GMX: The proposal of 'Buyback GMX and distribute GMX' has been approved and is waiting for implementation.

BlockBeats news, on August 8th, according to the official announcement from GMX, the GMX community initiated a proposal to 'change the income distribution model to repurchase and distribute GMX', which has received majority support from the GMX DAO and is currently waiting to be executed. The proposal aims to utilize the advantages of 'repurchase' to enhance the long-term value preservation capability of GMX, optimize user experience and protocol strategic flexibility, while minimizing model changes and fully retaining the advantages of 'real income'.

15:53 DailyNews

The GMX community is about to implement the proposal of 'changing the income distribution model to repurchase and distribute GMX'.

PANews reported on August 8th that GMX announced on the X platform, "The proposal to change the income distribution model to repurchase and distribute GMX" has received majority support from the GMX DAO and is currently in line for execution.

15:15 DailyNews

GMX announced that V2 will use Chainlink as the Oracle Machine for the Avalanche Mainnet.

Odaily Planet Daily News GMX announced on the X platform that GMX V2 uses Chainlink as the Avalanche Mainnet Oracle Machine solution and will integrate Chainlink Data

12:12 DailyNews

GMX: The deadline for the second round of funding proposal submission is June 24th

Odaily Planet Daily News GMX announced on X platform that the deadline for the second round of funding proposal submission is 8 a.m. on June 24th (UTC time)

Wednesday

2025/07/09

17:00 DailyNews

Slow Fog: GMX was attacked because the global average price of GMX v1 short positions can be manipulated, and the GLP price was maliciously inflated for arbitrage.

The CISO of Slow Fog pointed out that the design flaw of GMX v1 allowed attackers to manipulate the global average price using short positions, thereby manipulating the price of GLP Token for profit.

15:12 DailyNews

GMX V1 Vulnerability Emergency Warning: The official recommendation is to disable the leverage feature and set the parameters to "1" to prevent GLP minting.

According to GMX's official announcement on July 9, PANews reports that GMX V1 has encountered a vulnerability attack. The official recommends that all GMX V1 fork projects immediately take two measures: first, disable leverage functionality; second, set all maxUsdgAmounts parameters to "1" to prevent GLP minting. It is especially reminded that this parameter should not be set to "0", otherwise, the upper limit protection will be lost.

14:35 DailyNews

GMX: The GLP liquidity pool of GMX V1 on Arbitrum was attacked due to a vulnerability, but GMX V2 was not affected.

GMX announced on the TG channel that the GLP pool of GMX V1 on the Arbitrum platform has encountered a vulnerability attack, resulting in approximately 40 million tokens being transferred. To prevent further attacks, Arbitrum and Avalanche have disabled the related trading functions, but GMX V2 and GMX tokens are unaffected.

14:01 BlockBeatNews

GMX is suspected of losing approximately 42 million dollars in assets, and the hacker's Address initial funds came from Tornado.

According to BlockBeats news on July 9, on-chain analyst Yu Jin monitored that GMX may have been hacked about an hour and a half ago, with assets worth approximately 42 million dollars stolen, including WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. The initial funds for the hacker address that stole the assets were transferred from Tornado the day before yesterday.

13:52 ChainCatcher

GMX: 1 million Tokens have been repurchased

ChainCatcher news, GMX stated on social platform that it has repurchased 1 million GMX Tokens and distributed them to stakers according to the BB&D rewards model.

10:40 BlockBeatNews

GMX: 1 million GMX Tokens have been repurchased.

BlockBeats news, on May 14, GMX stated on social media that it has repurchased 1 million GMX tokens and distributed them to stakers according to the BB&D rewards model.

13:38 BlockBeatNews

GMXToken reward distribution is now live

BlockBeats news, on October 30th, according to official sources, GMX announced that the reward distribution of its Token has now gone live, marking the transition from the old model based on ETH rewards to the new 'buyback and distribution of GMX' model. GMX just completed its first GMX Token reward distribution today. 30% of GMX V1 fees and 27% of GMX V2 fees will be used to repurchase GMX Tokens for distribution. The repurchase process allows anyone to deposit GMX

03:35 BlockBeatNews

AltCoin market conditions are warming up, with BANANA rising nearly 20% in the past 24 hours

The AltCoin market has warmed up, with BANANA, HOOK, NFP, GMX, IMX, APT, and FTM and other seven Tokens experiencing 24-hour increases of 19.44%, 19.25%, 13.04%, 12.77%, 10.30%, 9.51%, and 9.06%, respectively.

13:18 DailyNews

GMX initiates on-chain voting to change the income distribution model to buyback and distribute GMX

Golden Finance reported that GMX announced that the 'Change the Revenue Distribution Mode to Repurchase and Distribute GMX' proposal has passed the Snapshot vote and started on-chain voting. The voting will end on August 5th. The proposal suggests changing GMX's current revenue distribution mode from 'repurchasing ETH and distributing ETH' to 'repurchasing GMX and distributing GMX'.

11:31 DailyNews

Odaily Planet Daily News The decentralized derivative protocol GMX announced the launch of the second round of funding on the X platform.

Tuesday

2025/04/15

15:59 BlockBeatNews

GMX has officially selected LayerZero as its messaging partner for multichain expansion.

BlockBeats news, on April 15, GMX officially selected LayerZero as its messaging partner for multi-chain expansion through a majority vote of 75.54%. This integration will bring the following advantages to GMX: • Ability to scale to over 125 Blockchains; • All contracts and security are fully controlled by GMX; • Fast, zero slippage asset transfers; • Utilizing battle-tested infrastructure trusted by billions of dollars in assets and hundreds of applications.

01:15 GNews

$GMX reached a high of $35.13, and the GMX proposal suggests increasing the buyback distribution coverage to 90%. gate News: On November 26th, the GMX community proposed a new proposal to increase the current Buyback and Distribution (BB&D) coverage ratio from 27% to 90%. According to the proposal, a total of 103,764 GMX tokens (about 5% of the circulating supply) were repurchased in the past 30 days, with a total value of $3.3412 million. As a result, $GMX reached a high of $35.13 this morning and has now fallen to $32.35. gate data shows that $GMX price has pumped 2.27% in the past 24 hours, with the current price at $32.35, market cap of $317.81M, and 24-hour trading volume of $77.74K.

11:46 DailyNews

GMX announced two important governance proposals on Snapshot. These votes involve updating the maximum leverage parameters on GMX and establishing a GMX token pool and market on GMX V2. The governance vote to establish a GMX token pool and market on GMX V2 is to determine the potential listing of GMX tokens on the market. GMX token's Oracle feeds have been tested and will be deployed on Avalanche in June 2024. The voting options include creating different GMX markets, such as the GMX-USDC market or the GMX-GMX market.

Monday

2025/04/07

08:57 DailyNews

GMX v1 liquidated old BTC positions, incurring $13 million in costs, some of which will be used to repurchase GMX.

PANews April 7 news, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, generating over $13 million in fees, including borrowing costs. It is reported that 30% of this fee will be used to buy back GMX Tokens. In addition, it was mentioned that a $4 million TWAP (time-weighted average price order) is currently affecting a Token with a market capitalization of $100 million.

16:48 DailyNews

GMX proposes to increase the coverage range of repurchase and distribution expenses from 27% to 90%

GMX proposal plans to increase the coverage of repurchase and distribution expenses from 27% to 90%, supporting Token repurchase and Airdrop mechanisms, and increasing the monthly repurchase amount of GMX to 345,534, with a repurchase value of $8.489 million. However, the changes may affect the performance of GMX prices, and the benefits and negative impacts will be borne by the holders.

11:46 DailyNews

The GMX Multiplier Points system has been updated, and MP has been converted to esGMX at a ratio of 25:1.

Odaily Planet Daily News GMX announced on X platform that its Multiplier Points system has been updated, and MP has been converted to esGMX at a ratio of 25:1. The received esGMX can be vested based on the user's current average stakeToken quantity.

03:25 DailyNews

GMX's new proposal suggests changing the profit distribution mode from "repurchasing ETH and distributing ETH" to "repurchasing GMX and distributing GMX"

The GMX team proposes to replace the original profit distribution model of "repurchasing ETH and distributing ETH" with "repurchasing GMX and distributing GMX", which can enhance the long-term value retention ability of Token, optimize user experience, and strategic flexibility of the protocol. In the new model, 30%, 70%, and 27% of the fees will be used to repurchase GMX Token to create continuous buying pressure, promote the stability and rise of Token price; while users can choose to keep GMX unchanged or convert it to ETH or AVAX when receiving or compounding.

Sunday

2024/05/26

03:41 DailyNews

According to the Snaphot voting page, the governance voting for the governance proposal released by the previous GMX to establish a GMX Token pool and market on GMX V2 has ended, according to the voting results: 1. Create a GMX-USDC Token pool and market, and then create a GMX-GMX with 98.66% support; 2. Only create GMX-USDC Token pools and markets to get 1.12% support; 3. Only create GMX-GMX Token pools and markets with 0.18% support rate; 4. Create a GMX--GMX Token pool and market, and then create a GMX-USDC to get 0.03% support; 5. The GMX market is not listed to receive 0% support.