Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
Rise 40%
Fall 60%
$2.32
#292
$217,787,280
$72,401,955
94,310,834
416,185,834
MX is the proof of rights and interests of MXC trading platform itself. Its total circulation is 3 billion constantly and never be added. MX holders can enjoy a series of rights and interests including asset appreciation, rebates on platform revenue, supervision, voting, etc. MX can be obtained in two ways: mining and buying.
Rank #5
$703.72
+1.45%
Rank #19
$0.2426
-2.28%
Rank #41
$0.1106
+6.45%
Rank #46
$48.24
+0.08%
Rank #67
$15.91
+0.41%
Rank #78
$11.49
+0.49%
Rank #869
$0.2488
+33.68%
Rank #1535
$4.81
+8.81%
Rank #1572
$0.02856
+3.85%
Rank #2566
$0.0003981
+4.21%
Rank #14199
$0.01743
+0%
Rank #19492
$0.9015
+0.69%
12 Jul 2025, 04:30
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project. Related Reading: Drop NFTs Like It’s Hot: Snoop Dogg’s Telegram Collection Raises $12M In 30 Minutes Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum. According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations. Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.” Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations. As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet. The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe. White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.” GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required. Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning. Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark. In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty. Related Reading: Solana Ready For $160 Reclaim? Analysts Say Breakout Is A Matter Of Time GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident. Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.” Featured Image from Unsplash.com, Chart from TradingView.com
11 Jul 2025, 16:11
The decentralized trading platform GMX recently faced one of its most significant security breaches. An attacker exploited a vulnerability in the platform’s first version, stealing over $40 million worth of cryptocurrency. However, in a surprising turn of events, the attacker has now started returning the stolen funds . This happened after GMX offered a white-hat bounty worth $5 million and promised no legal consequences. A Costly Breach Hits GMX V1 Earlier this week, the attacker targeted GMX’s original trading system, known as GMX V1, on the Arbitrum blockchain. The hacker took advantage of a weakness in GMX’s OrderBook contract. This allowed the bad actor to change the short trading price of Bitcoin (BTC) and increase the value of the GLP token. The inflated token value was then used to cash out and make a profit. The attack affected several digital coins, including USDC, Frax, Wrapped Bitcoin, and Wrapped Ethereum. In total, the hacker stole over $40 million worth of crypto. As seen in many similar cases , GMX responded quickly to the attack. The team stopped trading and token minting on its V1 system across both the Arbitrum and Avalanche networks. It is important to note that GMX V2 and the platform’s primary token were not affected by the attack. A White-Hat Bounty Turns the Tide To reduce the damage and avoid a prolonged loss, GMX took a bold step. The GMX team sent a message to the attacker using the blockchain. They offered a 10% white-hat reward of $5 million if the stolen funds were returned within 48 hours. The team also promised not to take legal action if the attacker cooperated. Soon after, a reply came through the blockchain, saying the funds would be returned. The attacker kept that promise and sent back two large batches of money. First, $5.5 million worth of Frax was returned, followed by another $5 million. These were sent directly to the GMX deployer wallet. Soon after, the attacker also returned around 9,000 ETH, worth approximately $27 million. This brought the total amount returned close to the full sum stolen. This kind of move by GMX is not unusual in the crypto world and is often used to encourage cooperation after a significant breach. Market Reaction and Project Response After the attack, GMX’s token dropped by over 28%, hitting a low of $10.52. However, once the attacker agreed to return the funds, the price quickly bounced back and went up by more than 13%. The GMX team thanked the attacker on-chain for returning the money and started working to protect the platform going forward. To prevent such hacks from recurring, the team has permanently disabled GLP minting and redemption on Arbitrum. Affected users would be able to close their positions, and leftover funds will be used to compensate those impacted. The post GMX Hacker Begins Returning Siphoned $40M After White-Hat Offer appeared first on TheCoinrise.com .
11 Jul 2025, 14:58
The decentralized exchange (DEX) GMX has suffered a hacker attack, resulting in approximately $42 million in digital asset losses. The incident drew swift attention from the crypto community, with a researcher known as DeFi Cheetah among the first to notice the suspicious outflow of funds. According to on-chain data, at the time of reporting, the hacker was transferring assets from the L2 Arbitrum solution to Ethereum. The attacker had already exchanged some USDC stablecoins for DAI. The compromised wallet also held various digital assets, including wBTC, ETH, wETH, UNI, and LINK. Assets in the hacker's wallet were tracked and reported by DeBank. GMX representatives confirmed the breach, stating that the GLP coin pool on GMX V1 in the Arbitrum network was targeted. In response, the platform took decisive action: ”Trading on GMX V1, as well as GLP issuance and redemption, has been disabled on both Arbitrum and Avalanche to prevent further attacks and protect users from additional negative consequences,” the statement said. Platform representatives emphasized that the vulnerability did not affect GMX V2, its markets, liquidity pools, or the GMX native token, reassuring users about the safety of other assets and services. Following the attack, GMX's exchange rate dropped by 17%, falling from $15 to $11.40, according to CoinGecko. This sharp decline reflected both the immediate impact of the exploit and the broader market's sensitivity to security incidents in DeFi. Key Points from the Incident Attack Impact: Approximately $42 million in assets were stolen. Detection: The suspicious activity was first flagged by DeFi Cheetah. Assets Involved: USDC, DAI, wBTC, ETH, wETH, UNI, and LINK. Immediate Response: GMX V1 trading, GLP issuance, and redemption were halted on Arbitrum and Avalanche. Scope of Vulnerability: Only GMX V1 affected; GMX V2 and other products remain secure. Market Reaction: GMX token price dropped 17% post-attack. Lessons and Takeaways This incident underscores the importance of rapid detection and transparent communication in the DeFi sector. GMX’s immediate response—disabling affected services and clarifying the scope of the vulnerability—helped contain the fallout and reassure users. The episode also highlights the ongoing challenges of securing cross-chain assets and the need for robust risk management in decentralized protocols. As the DeFi ecosystem matures, such events serve as critical reminders for both users and developers to prioritize security, monitor on-chain activity, and maintain open channels of communication during crises.
10 Jul 2025, 22:15
On July 9, the decentralized trading platform GMX suffered a major exploit, leading to the loss of $42 million in assorted cryptocurrencies. Now, on-chain data shows that the hacker has changed most of the stolen funds into 11,700 ETH. The GMX Hack The Wednesday incident saw the attacker stealing over $10 million worth of legacy Frax Dollar (FRAX), $9.6 million in wrapped Bitcoin (wBTC), and about $5 million in DAI stablecoin. Following the breach, $9.6 million of the funds were bridged to the Ethereum blockchain and exchanged into DAI and ETH, with a further $32 million remaining on Arbitrum. GMX confirmed the theft in a post on X: “The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40M in tokens has been transferred from the GLP pool to an unknown wallet.” However, according to blockchain analytics platform Lookonchain, the bad actor has now exchanged all the stolen assets, except FRAX, into 11,700 ETH, which they then sent to four new wallets. The protocol had earlier clarified that GMX V2, its markets, liquidity pools, and the GMX token were not affected. It also announced a temporary pause on GLP token minting and redemption on both Arbitrum and Avalanche to prevent further impact and secure funds. Its users were later told to disable leverage and update their settings to block further GLP minting. Additionally, GMX sent an on-chain message to the hacker, offering a white-hat bounty worth $4.2 million. The proposal also promised there would be no legal consequences if the culprit returned the remaining 90% within 48 hours. So far, they have not responded. A Re-Entrancy Exploit A full postmortem report has not yet been released. However, blockchain security firm SlowMist has attributed the breach to a design flaw in GMX V1. The vulnerability enabled the exploiter to manipulate the GLP token price by interfering with the system’s calculation of total assets under management. SlowMist explained that they used a function that enables leverage during order execution and performed a re-entrancy attack. These allow repeated calls within one function, causing a smart contract to calculate the wrong balance. By opening large short positions in a single transaction, the criminal was able to manipulate the global price data. This action artificially inflated the GLP token price and profit through redemption. Hacks and cybersecurity attacks remain a major challenge in the crypto industry. A recent CertiK report revealed that over $801.3 million was lost across 144 incidents in Q2 2025. Phishing was the most damaging, with $395 million stolen in 52 exploits. Code vulnerabilities followed closely, causing $235.8 million in losses across 47 cases. The post GMX Hacker Converts Stolen Loot into 11,700 ETH appeared first on CryptoPotato .
