[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Eldar [@eldarcap](/creator/twitter/eldarcap) on x 1363 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](/topic/protocol) [gmx](/topic/gmx) [$50m](/topic/$50m) [shy](/topic/shy) [gmxio](/topic/gmxio) [$gmx](/topic/$gmx) [coins defi](/topic/coins-defi) [coins exchange tokens](/topic/coins-exchange-tokens) [Post Link](https://x.com/eldarcap/status/1942967927004606927)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Eldar @eldarcap on x 1363 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 gmx $50m shy gmxio $gmx coins defi coins exchange tokens