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![spotonchain Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1613209963312340992.png) Spot On Chain [@spotonchain](/creator/twitter/spotonchain) on x 114.8K followers
Created: 2025-07-09 14:42:50 UTC

🚨 GMX (@GMX_IO) got hacked for $42M on #Arbitrum around two hours ago!

The affected assets include:
• $23M in various stablecoins, including $FRAX, $USDC, $USDT, and $DAI
• XXXXX $WBTC ($9.59M)
• XXXXXXX $WETH ($8.47M)
• XXXXXX $UNI ($536K)
• XXXXXX $LINK ($334K)

Currently, the hacker has bridged ~$10.66M worth of assets—mostly in $ETH and stablecoins—to #Ethereum.

Note that the hacker's address received initial funding from #TornadoCash two days ago, suggesting that the hack might have been preplanned.

Follow @spotonchain and track the hack’s next moves at

![](https://pbs.twimg.com/media/GvbFbuabEAAyS0Y.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942957625286725652/c:line.svg)

**Related Topics**
[$40m](/topic/$40m)
[$eth](/topic/$eth)
[$1066m](/topic/$1066m)
[$334k](/topic/$334k)
[$link](/topic/$link)
[$536k](/topic/$536k)
[$847m](/topic/$847m)
[$weth](/topic/$weth)

[Post Link](https://x.com/spotonchain/status/1942957625286725652)