GMX Hacked for $42 Million; Team Offers Hacker a 10% Bounty for Return of Funds

Decentralized derivatives exchange GMX faced a major security breach on July 9, 2025. An attacker exploited the platform’s GLP liquidity pool and stole around $42 million in crypto assets.  PeckShield, a blockchain security firm, confirmed the event and tracked the hacker’s transactions on-chain. According to their analysis, the attacker bridged approximately $9.6 million to Ethereum […] The post GMX Hacked for $42 Million; Team Offers Hacker a 10% Bounty for Return of Funds appeared first on Coin Edition.