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Eldar @eldarcap on x 1379 followers
Created: 2025-07-09 15:23:47 UTC
The @GMX_IO V1 being exploited was not on my bingo card.
It seems to be a rather large exploit in term of amount, shy of $50M.
The silver lining is that the V2 was not affected.
Still the reputation of GMX will suffer.
$GMX price is quite impacted, and likely will dip a bit more.
I personally de allocated and will maybe re enter lower depending on how the protocol cope with this.
It is quite sad given I considered $GMX to be quite undervalued in the perp category.
XXX engagements
Related Topics protocol the protocol dip gmx $50m v1 gmxio $gmx