[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.]  Mr.Penguđ§(Ă,G) [@Sourav6763](/creator/twitter/Sourav6763) on x 4945 followers Created: 2025-07-11 12:12:32 UTC DeFiâs Latest Alarm: Lessons from the GMX Exploit The recent breach of GMX on Arbitrum isnât just another incident it exposes deep flaws in how many DeFi platforms are built today. Systems that depend on oracles, synthetic assets, and wrapped tokens are proving to be increasingly fragile. What Actually Happened An attacker was able to take advantage of thin liquidity and oracle-based pricing in GMXâs perpetual trading. Over $X million was siphoned off not due to a bug in code, but because of a risky architectural model relying on synthetic exposure and external data feeds. Why Arbitrum's Model Is Part of the Problem Though Arbitrum brings faster and cheaper transactions through rollups, it still leans heavily on Ethereumâs infrastructure. That includes using wrapped BTC which is essentially a representation of Bitcoin, not the real asset, Wrapped assets are only as secure as the bridge or system that holds them, and that trust model can (and often does) fail. Portal: A Different Path Forward Portal to Bitcoin doesnât accept those trade-offs. Instead of relying on intermediaries or synthetic workarounds, it offers a design rooted in the original strengths of Bitcoin: No bridges No synthetic tokens No oracle dependency No pooled liquidity risks With Portal, trades happen directly between peers using atomic swap technology secured by Bitcoinâs native protocol. Why Portalâs Architecture Avoids These Pitfalls â Atomic Swaps via Time-Locked Contracts These swaps don't require smart contracts or outside price feeds. This eliminates common attack surfaces used in exploits like GMXâs. â Use of Real Bitcoin No tokens pretending to be BTC. Just the real thing transferred and settled directly. â No Shared Liquidity Since liquidity isn't pooled, thereâs no central point to manipulate. Every transaction is one-to-one. â True Ownership and Control You stay in control of your assets at all times. Trade between assets across chains without giving up custody. Why This Matters Now More Than Ever DeFi is scaling rapidly but so are its vulnerabilities. Every successful exploit chips away at user confidence and market credibility. Portal isnât trying to patch the holes; itâs rebuilding the foundation. For cross-chain finance to truly work, it needs to be based on real, verifiable assets and minimal trust. Not synthetic promises. Not risky shortcuts. Just real Bitcoin, real swaps, and real sovereignty. @PortaltoBitcoin  XXX engagements  **Related Topics** [happened](/topic/happened) [coins oracle](/topic/coins-oracle) [gmx](/topic/gmx) [$alrm](/topic/$alrm) [Post Link](https://x.com/Sourav6763/status/1943644576037933074)
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Mr.Penguđ§(Ă,G) @Sourav6763 on x 4945 followers
Created: 2025-07-11 12:12:32 UTC
DeFiâs Latest Alarm: Lessons from the GMX Exploit
The recent breach of GMX on Arbitrum isnât just another incident it exposes deep flaws in how many DeFi platforms are built today.
Systems that depend on oracles, synthetic assets, and wrapped tokens are proving to be increasingly fragile.
What Actually Happened
An attacker was able to take advantage of thin liquidity and oracle-based pricing in GMXâs perpetual trading. Over $X million was siphoned off not due to a bug in code,
but because of a risky architectural model relying on synthetic exposure and external data feeds.
Why Arbitrum's Model Is Part of the Problem
Though Arbitrum brings faster and cheaper transactions through rollups, it still leans heavily on Ethereumâs infrastructure. That includes using wrapped BTC which is essentially a representation of Bitcoin, not the real asset,
Wrapped assets are only as secure as the bridge or system that holds them, and that trust model can (and often does) fail.
Portal: A Different Path Forward
Portal to Bitcoin doesnât accept those trade-offs. Instead of relying on intermediaries or synthetic workarounds, it offers a design rooted in the original strengths of Bitcoin:
No bridges
No synthetic tokens
No oracle dependency
No pooled liquidity risks
With Portal, trades happen directly between peers using atomic swap technology secured by Bitcoinâs native protocol.
Why Portalâs Architecture Avoids These Pitfalls
â Atomic Swaps via Time-Locked Contracts
These swaps don't require smart contracts or outside price feeds. This eliminates common attack surfaces used in exploits like GMXâs.
â Use of Real Bitcoin
No tokens pretending to be BTC. Just the real thing transferred and settled directly.
â No Shared Liquidity
Since liquidity isn't pooled, thereâs no central point to manipulate. Every transaction is one-to-one.
â True Ownership and Control
You stay in control of your assets at all times. Trade between assets across chains without giving up custody.
Why This Matters Now More Than Ever
DeFi is scaling rapidly but so are its vulnerabilities. Every successful exploit chips away at user confidence and market credibility.
Portal isnât trying to patch the holes; itâs rebuilding the foundation. For cross-chain finance to truly work, it needs to be based on real, verifiable assets and minimal trust.
Not synthetic promises. Not risky shortcuts. Just real Bitcoin, real swaps, and real sovereignty.
@PortaltoBitcoin
XXX engagements
Related Topics happened coins oracle gmx $alrm