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![ImZiaulHaque Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1057380069042057216.png) Zia ul Haque [@ImZiaulHaque](/creator/twitter/ImZiaulHaque) on x 70K followers
Created: 2025-07-09 14:13:07 UTC

🚨 HACK ALERT 🚨

GMX, the onchain perpetual platform, appears to have been exploited for around $42M.

The attacker bridged USDC to Ethereum, then moved the funds to Arbitrum and converted them into stablecoins.

![](https://pbs.twimg.com/media/Gva-2WRasAAROyB.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942950144229662883/c:line.svg)

**Related Topics**
[stablecoins](/topic/stablecoins)
[$42m](/topic/$42m)
[onchain](/topic/onchain)
[gmx](/topic/gmx)
[hack](/topic/hack)
[usdc](/topic/usdc)
[coins made in usa](/topic/coins-made-in-usa)
[coins bsc](/topic/coins-bsc)

[Post Link](https://x.com/ImZiaulHaque/status/1942950144229662883)