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![thisisksa Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1463987388372303883.png) Karan Singh Arora [@thisisksa](/creator/twitter/thisisksa) on x 36.7K followers
Created: 2025-07-09 14:27:58 UTC

HACK ALERT ⚠️ 

GMX has been hacked for $42M.

The attacker bridged $9.65M to Ethereum, swapping it into $DAI and $ETH.

The exploit reportedly occurred ~40 minutes ago, with losses between $35M–$40M.

Initially, the hacker bridged USDC to $ETH before converting to $DAI.

![](https://pbs.twimg.com/media/GvbCQG_aEAEqBby.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942953882734219701/c:line.svg)

**Related Topics**
[dai](/topic/dai)
[$40m](/topic/$40m)
[$35m](/topic/$35m)
[losses](/topic/losses)
[$eth](/topic/$eth)
[$965m](/topic/$965m)
[$42m](/topic/$42m)
[gmx](/topic/gmx)

[Post Link](https://x.com/thisisksa/status/1942953882734219701)